Five African innovation hubs will benefit from a €40 million ($46 million) European Investment Bank (EIB) fund, which also targets high-potential markets including Uganda, Tanzania and the Democratic Republic of Congo.
The EIB said on Monday that the fund, administered through Africa-focused investment vehicle Speedinvest, aims to back emerging tech firms. It seeks to improve digital and financial inclusion and strengthen commercial links between African and European ecosystems, enabling startups to scale across borders.
