Africa Finance Corporation (AFC) has announced its approval of a commitment of up to US$100 million aimed at investing in technology fund managers that focus on the African market. Established in 2007, AFC serves as a key player in facilitating infrastructure and industrial investments across the continent. The organization leverages its specialized industry knowledge to provide financial and technical advisory services, as well as project development support. This new investment initiative underscores AFC's ongoing commitment to fostering technological advancement and innovation within Africa.
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