AfDB Invests €6.5M in Saviu II Fund
Analysis based on 16 articles · First reported Feb 28, 2026 · Last updated Mar 02, 2026
This investment is expected to significantly boost the technology startup ecosystem in French-speaking West and Central Africa, potentially leading to increased innovation and job creation. It also signals growing confidence from major financial institutions like the African Development Bank in the region's tech potential.
The African Development Bank approved a 6.5 million euro investment in the Saviu II venture capital fund, managed by Saviu Partners. This funding, comprising 4.5 million euros in equity and a 2 million euro first-loss hedging tranche from the European Union===European Commission under the Boost Africa Programme, aims to support early-stage technology startups. The Saviu II fund plans to invest between 500,000 and 3 million euros in approximately 20 B2B technology-oriented startups, primarily in French-speaking West and Central African countries such as Ivory Coast, Cameroon, Benin, Senegal, Togo, Burkina Faso, and Mali. The initiative seeks to bridge a persistent funding gap for young tech companies, enabling them to scale from seed through their first institutional fundraising rounds and fostering digital transformation across the region.
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