Tech: African Development Bank backs Breega Africa Seed I with €7.5 M investment to boost tech start‑ups

The African Development Bank Group Board approved on 25 March 2026 in Abidjan a €7.5 million equity investment  in the Breega Africa Seed I fund to support early‑stage African tech start‑ups in sectors such as fintech, agritech, health tech, logistics, and edtech. The financing includes €5 million in equity and €2.5 million in subordinated funding on behalf of the European Union under the Boost Africa Programme, designed to provide liquidity and help high‑potential enterprises scale toward exit and maximize social impact and financial returns. Breega Africa Seed I will focus on key markets including Nigeria, South Africa, Kenya, Egypt and Francophone Africa, according to the official AfDB press release.