Brussels, 20/10/2008 (Agence Europe) - On Friday 17 October, the European Investment Bank (EIB) became a lead investor in Adlevo Capital Africa LLC, the first private equity fund dedicated to the high-tech industry in sub-Saharan Africa. The EIB's $20 million (approx €15 million) equity investment will enable Adlevo to support the African continent's growing number of information and communications technology (ICT) enterprises.
The fund will focus on investments in high-growth firms with...