AfDB launches $996m funding for Africa startups

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African Development Bank President Akinwumi Adesina makes his remarks during the second day of the Africa Climate Summit held at the Kenyatta International Conference Center (KICC) in Nairobi, Kenya on September 5, 2023. PHOTO | FRANCIS NDERITU | NMG

The Africa Development Bank (AfDB), in partnership with the Global Center on Adaptation, has committed Ksh145.5 billion ($996.6 million) to support youth startups in the continent as part of the fight against climate change.

The bank announced on its X (previously Twitter) social media page that the funding would support youth-led businesses.