African Development Bank Approves €6.5 Million Investment in Saviu II Venture Capital Fund
- The African Development Bank Group approved a €6.5 million investment in Saviu II on February 27, 2026.
- Saviu II is a venture capital fund that succeeded Saviu I, which launched in 2018 with a €10 million fund backing 12 startups.
- Saviu II reached a first close of €12 million in late 2023, supported by private entrepreneurs and family offices.
The investment in Saviu II reflects a growing confidence in the potential of B2B startups in Francophone Africa, particularly in sectors that are crucial for economic development. This strategic funding could catalyze innovation and growth in the region, but it will be essential to monitor the fund's deployment and the impact on local economies.
