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Multinational - African Development Partners III - Project Summary Note


The African Development Bank on November 29th signed off on its US$ 30 million equity investment in African Development Partners III, a third-generation pan-African private equity fund targeting established and growing companies with emphasis on those benefiting from Africa’s growing middle class.
The Bank Group’s board of directors approved the investment in November 6th as part of its commitment to foster the growth of companies at a continental scale in order to create the next African and global champions, that will leverage Africa’s growth prospects to create competitiveness for the continent.

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