# African Development Bank

Type: organization

Source: GetYourBrief — https://getyourbrief.com/entity/african-development-bank-organization
Canonical HTML page: https://getyourbrief.com/entity/african-development-bank-organization

## Timeline

- **2026-06**: DICE Fund of Funds activated — Bank of Industry signs agreement appointing Kuramo Capital Management as manager; federal government commits $85.3 million, with Kuramo to raise matching private capital, bringing total fund size to at least $170.6 million.
- **2026-06**: DICE Fund of Funds activated — Bank of Industry signs agreement appointing Kuramo Capital Management as manager; federal government commits $85.3 million, with Kuramo to raise matching private capital, bringing total fund size to at least $170.6 million.
- **2026-06**: DICE Fund of Funds activated — Bank of Industry signs agreement appointing Kuramo Capital Management as manager; federal government commits $85.3 million, with Kuramo to raise matching private capital, bringing total fund size to at least $170.6 million.
- **2025-11**: First direct government VC investment — iDICE Programme invests in Ventures Platform’s VP Pan-African Fund II, which closes at $64 million with international co-investors.
- **2025-11**: First direct government VC investment — iDICE Programme invests in Ventures Platform’s VP Pan-African Fund II, which closes at $64 million with international co-investors.
- **2025-11**: First direct government VC investment — iDICE Programme invests in Ventures Platform’s VP Pan-African Fund II, which closes at $64 million with international co-investors.

## Recent coverage (6 stories, network-wide)

### Nigeria’s $170.6M DICE Fund Aims to Bring VC to All 36 States
2026-07-01 03:22:32 · Sector: startups · Sentiment: Positive · Impact: 7/10 · Sources: 2

The new fund-of-funds, managed by Kuramo Capital, will invest in local VC firms to support tech and creative startups across Nigeria. It follows a $64 million investment in Ventures Platform’s Pan-African Fund in 2025, signaling the government’s deepening commitment to the startup ecosystem.
Full story: https://getstartupbrief.com/story/nigerias-170-6m-dice-fund-vc-all-states

### $170.6M iDICE Fund Targets Nigeria’s SaaS and Digital Economy
2026-07-01 03:22:23 · Sector: saas · Sentiment: Positive · Impact: 7/10 · Sources: 2

Nigeria’s new $170.6 million fund of funds will fuel SaaS and cloud-native businesses as part of the country’s iDICE programme. The fund, managed by Kuramo Capital, couples government backing with private capital to expand Nigeria’s digital ecosystem infrastructure.
Full story: https://getsaasbrief.com/story/170-6m-idice-fund-saas-digital-economy

### Nigeria Launches $170.6M Public-Private Fund to Boost Startup Investment
2026-07-01 03:22:12 · Sector: finance · Sentiment: Positive · Impact: 7/10 · Sources: 2

The Nigerian government has committed $85.3 million through its iDICE Programme, matched by $85.3 million in private capital managed by Kuramo Capital, to create a $170.6 million fund-of-funds for tech and creative startups. This marks one of Africa's largest government-backed venture investment vehicles and aims to catalyze broader private-sector participation.
Full story: https://getfinancebrief.com/story/nigeria-170-6m-fund-boost-startup-investment

### Tinubu Rallies Global Support for Nigerian Youth Skills Acquisition
2026-03-25 10:42:30 · Sector: hr · Sentiment: Neutral · Impact: 5/10 · Sources: 2

President Bola Tinubu has launched a strategic global appeal to secure partnerships for large-scale youth skills development in Nigeria. The initiative seeks to transform the nation's massive youth demographic into a globally competitive workforce, addressing both domestic unemployment and the international talent shortage.
Full story: https://gethrbrief.com/story/tinubu-nigeria-youth-skills-global-support

### China Solar Subsidy Cuts Threaten Africa's Renewable Energy Momentum
2026-03-22 07:18:37 · Sector: climate · Sentiment: Negative · Impact: 7/10 · Sources: 4

China's decision to scale back export subsidies for solar technology is set to drive up procurement costs across Africa, potentially stalling the continent's rapid energy transition. This regulatory shift forces African developers to navigate a higher-cost environment just as the region seeks to bridge massive energy access gaps.
Full story: https://getclimatebrief.com/story/africa-solar-costs-china-subsidy-cuts

### Ghana Demands Scaled-Up Climate Finance at Accra IPCC Meeting
2026-03-07 06:52:20 · Sector: climate · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Ghana has utilized its role as host of the IPCC meeting in Accra to demand a radical overhaul of global climate financing mechanisms. The government is calling for increased transparency and accessibility to ensure developing nations can fund critical adaptation and mitigation projects.
Full story: https://getclimatebrief.com/story/ghana-ipcc-climate-finance-accra

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This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getyourbrief.com/guides/methodology for the full editorial methodology.