African Development Bank commits up to USD 15 million to Alterra Africa Accelerator Fund (“Alterra”), supporting high–growth enterprises across Africa

The Board of Directors of the African Development Bank Group has approved an equity investment of up to USD 15 million in the Alterra Africa Accelerator Fund L.P. (“Alterra” or the “AAA Fund”), a multi-sector private equity fund dedicated to scaling high-growth enterprises across Africa.