in Short
Finance: AfDB commits $15 million to SPE PEF III to back SMEs
The Board of the African Development Bank approved on March 25, 2026 in Abidjan a $15 million equity investment in the SPE PEF III fund. Managed by SPE Capital, the fund will focus on North Africa with selective exposure to high-growth Sub-Saharan markets. It targets manufacturing, business services (including niche fintech) and human capital. With over $600 million already deployed per SPE Capital, the move aims to expand SME financing and drive job creation. Tags : African Development Bank AfDB SPE Capital private equity Africa SMEs finance Abidjan North Africa fintech industry healthcare education investment
The Board of the African Development Bank approved on March 25, 2026 in Abidjan a $15 million equity investment in the SPE PEF III fund. Managed by SPE Capital, the fund will focus on North Africa with selective exposure to high-growth Sub-Saharan markets. It targets manufacturing, business services (including niche fintech) and human capital. With over $600 million already deployed per SPE Capital, the move aims to expand SME financing and drive job creation.
