EIB commits €40 million to Speedinvest to empower Africa's next tech champions and deepen Europe-African innovation ties
Luxembourg, March 17 -- African technology startups will receive a financing boost through a €40 million commitment from EIB Global, the development arm of the European Investment Bank (EIB), to the first Africa-focused investment vehicle from leading European venture capital firm Speedinvest. The investment strengthens EU-Africa ties, supports digital transformation, and promotes inclusive economic growth across the continent.The vehicle will back technology companies across innovation hubs, including Egypt, Morocco, Nigeria, Kenya, and South Africa, while also investing in high-potential markets such as Ghana, Cote d'Ivoire, Cameroon, the Democratic Republic of Congo, Tunisia, Tanzania, and Uganda. It is designed to improve digital ...
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