The Africa Finance Corporation (AFC) yesterday announced that its Board has approved a commitment of up to $100 million to invest in Africa-focused technology fund managers.

AFC has invested $40 million in Future Africa and LightRock Africa II. Another $60 million is queued for African tech VC fund managers.

Africa Finance Corporation announces a US$100 million commitment to accelerate investment in Africa-focused technology fund managers, aiming to enhance local participation in the…

Begna Gebreyes, the head of AFC’s technology division, shares how the $19 billion institution is investing $100 million in African VC.

The Africa Finance Corporation (AFC) yesterday announced that its Board has approved a commitment of up to $100 million to invest in Africa-focused technology fund managers.