Africa Development Bank Launches $111M VC Fund
The African Development Bank has launched a $111.1 million venture capital fund, New Africa Mining Fund II. The fund, which will focus on mining projects, held a $73.6 million first close in January, and includes investments from Development Bank of Southern Africa, International Finance Cooperation, Swiss Investment Fund for Emerging Markets, and DEG KFW Bankengruppe.
Bycnolan
4 February 2011•2 mins read
