The Board of Directors of the African Development Bank approved a US$7.5 million equity investment in Africa Tech Ventures (ATV) before the turn of the year to boost operations of highly scalable companies that use technology to innovate in key sectors such as consumer goods, corporate services, education, logistics, energy, fintech, agriculture or healthcare.

Africa Tech Ventures (ATV) was founded by a group of passionate investors and entrepreneurs with a solid track record of doing business and investing in Africa.

AVT has an impressive portfolio of East Africa’s most prominent names like Cellulant, Twiga Foods and mSurvey. Among key advisor is the former Permanent Secretary of Kenya’s Ministry of Information and Communication Dr Bitange Ndemo who is the current chair of Kenya’s Taskforce on Artificial Intelligence.

Source: furtherafrica.com

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