AfDB okays 6.5m euros to support start-ups African Development Bank (AfDB) Group has approved 6.5 million euros investment in Saviu II fund to support technology start-ups in Francophone West and Central Africa The Bank Group will invest 4.5 million euros as equity and 2 million euros as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme. This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component. Saviu II, the second investment vehicle of Saviu Partners, plans to invest between 500,000 and three million euros in about 20 technology or technology-oriented B2B start-ups in the seed phase or carrying out first institutional fundraising. The Saviu II vent...