Cote Dlvoire, March 30 -- The Board of Directors of the African Development Bank Group has approved a $15 million equity investment in the SPE PEF III private equity fund to support growth-stage businesses across Africa. The decision was taken in Abidjan on 25 March 2026.The fund will invest primarily in North Africa, with selective exposure to high-growth markets in sub-Saharan Africa. SPE PEF III is structured around three strategic pillars: manufacturing and processing (including fast-moving consumer goods, packaging and food processing); business and industry services (including third-party logistics, business process outsourcing and niche financial technologies); and human capital (covering pharmaceuticals, health services and educatio...