Cote Dlvoire, Nov. 24 -- The Board of Directors of the African Development Bank Group has authorised a $15 million equity investment in Adenia Entrepreneurial Fund 1 (AEF 1).The investment, decided by the Bank Board in Abidjan on 19 November 2025, will enable the Fund to channel growth capital to small- and mid-cap companies in various African countries, which work in sectors that contribute to economic resilience. Such sectors include light industry, consumer goods and services, renewable energies, health, and education.The Fund will take majority stakes in firms, so that it can drive operational improvements, strengthen management practices, and support the implementation of growth strategies.Adenia, the Fund manager, will help the firms ...