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[QUOTE="Queen, post: 88585, member: 27"]
A massive €40 million cash injection from the EU’s development bank is supercharging a European VC’s first Africa-dedicated fund to back the next wave of tech startups across the continent.

Who’s getting the cash
[LIST]
[*]EIB Global is dropping €40 million into Speedinvest’s new Africa vehicle.
[*]Startups in Egypt, Nigeria, Kenya, South Africa, and Morocco are targets.
[*]High-potential markets like Ghana, Tunisia, and Uganda also qualify.
[*]The fund will back tech-enabled services in payments and healthcare.
[/LIST]
What the strategy looks like
[LIST]
[*]Speedinvest will focus on mobile-based platforms for essential services.
[*]At least 30% of capital goes to companies boosting gender equality.
[*]The fund qualifies under the global 2X Challenge for women-focused investing.
[*]Job creation for young people is a major social priority.
[/LIST]
The bigger game plan
[LIST]
[*]Speedinvest aims to connect African founders with European capital and expertise.
[*]Existing portfolio bets include Moove, FairMoney, and Khazna.
[*]A planned local office will provide hands-on founder support.
[*]Deepali Nangia and Rana Abdel Latif are managing the fund.
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