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According to an article published on the African Development Bank Group, the Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.

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EuropeLogo eInfastructure This project has received funding from the European Union's Seventh Framework Programme for research, technological development and demonstration under grant agreement no 313203
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