The board of directors of the African Development Bank Group has approved an equity investment pool of €10.5 million toward the first close of the Janngo Start-Up Fund, a pan-African tech start-up fund.

The pooled funds comprise €7 million provided by the African Development Bank and a €3.5 million contribution by the European Union and the Organisation of African, Caribbean and Pacific States.

The Janngo Start-Up Fund, managed by Janngo Capital, builds, grows and invests ...