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AfDB, CDP Back North Africa VC

AfDB and Italy's CDP Commit $35M to RMBV North Africa Fund III

Unverified — auto-generated summary, not yet reviewedStartups, VC & FundingPan-AfricanAug 18, 2026

The African Development Bank and Italy's Cassa Depositi e Prestiti have jointly committed $35 million to the RMBV North Africa Fund III, adding institutional weight to a thin regional venture capital market. The commitment signals sustained development finance appetite for early-stage investment in North Africa.

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