EIB Global announces new investment in Seedstars Africa Ventures I, a venture capital fund for African innovative entrepreneurs
EIB Global equity investment of US$30 million in Seedstars Africa Ventures I supports risk capital for entrepreneurs across Africa, boosting growth and job creation. The fund will invest in companies leveraging digital technologies to provide essential services and increase efficiency for businesses. The EIB Global investment is backed by the European Union through the ACP Trust Fund and the Boost Africa programme. Innovative businesses and start-ups across Africa will benefit from better access to risk capital thanks to a US$30 million equi
Source: sciencebusiness.net
