African Development Bank
VC Fund
Belvédère, Tunisia
African Development Bank is a VC fund in Belvédère focused on Financial Services and Banking. African Development Bank operates as a multilateral development finance institution in Africa. It finances development projects and programs in collaboration with national and international development institutions. The bank provides technical assistance for project selection, study, and preparation. It facilitates investments from the public and private sectors in initiatives aimed at economic and social progress. The African Development Bank serves the development finance and economic growth sectors.
- Total investments:
- 99
- Last investment:
- Lead investor:
- 89%
- Fund size:
- $40M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries African Development Bank invests in
Stages African Development Bank invests in
Countries African Development Bank invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 8 contacts → | |||
Round size
- Grant
- $200k–$17M
- Post-IPO Debt
- $10M–$692M
- Debt Financing
- $15M–$307M
Investment Focus
Industry
- Financial Services 33 (33%)
- Banking 22 (22%)
- Finance 13 (13%)
- Energy 8 (8%)
- Agriculture 7 (7%)
Stage
- Debt Financing 44 (44%)
- Grant 19 (19%)
- Post-IPO Debt 10 (10%)
- Venture - Series Unknown 4 (4%)
- Funding Round 3 (3%)
Country
- Nigeria 10 (10%)
- South Africa 10 (10%)
- Kenya 9 (9%)
- Egypt 4 (4%)
- Ethiopia 4 (4%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Ahmed Attout
Director
|
Director | Total investments: 1 | Find email | |
Djibril Koné
PMO
|
PMO | Total investments: 0 | Find email | |
Dr. Beth Dunford
Vice President, Agriculture, Human and Social Development
|
Vice President, Agriculture, Human and Social Development | Total investments: 0 | Find email | |
Martin Fregene
Director of Agriculture and Agro-Industry
|
Director of Agriculture and Agro-Industry | Total investments: 0 | Find email | |
Nicholas Williams
Head, ICT Division
|
Head, ICT Division | Total investments: 1 | Find email | |
| See all 8 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Family Bank is a fully-fledged commercial bank since May 2007. The Bank is regulated by the Central Bank of Kenya (CBK) and is a member of the Kenya Deposit Insurance Corporation.The Bank is growing with over 1.7 million customers and a network of 93 branches countrywide. It was the first Bank in Kenya to introduce paperless banking throughsmart card technology. | $10M / Post-IPO Debt / Oct 05, 2026 | ||
| ONDA is an aviation authority that manages airport operations and provides air navigation and passenger services. | $306.9M / Debt Financing / Sep 29, 2026 | ||
| Hyphen Hydrogen Energy is a green hydrogen development company that develops and constructs green hydrogen production facilities. | $5.9M / Grant / Sep 22, 2026 | ||
| Sonede provides drinking water production and delivery across Tunisia. | $127.6M / Debt Financing / Sep 22, 2026 | ||
| Groupe Chimique Tunisien is a chemical manufacturing company that produces phosphoric acid, ammonium nitrate, and mineral fertilizers. | $110M / Debt Financing / Sep 22, 2026 | ||
| Standard Bank has a 150 year history in South Africa and started building a franchise in the Rest of Africa in the early 1990s. We currently operate in 18 countries on the African continent, including South Africa, as well as in other selected emerging markets. | $332M / Post-IPO Debt / Jul 31, 2026 | ||
| Standard Bank has a 150 year history in South Africa and started building a franchise in the Rest of Africa in the early 1990s. We currently operate in 18 countries on the African continent, including South Africa, as well as in other selected emerging markets. | $1M / Grant / Jul 31, 2026 | ||
| Gotion Power Morocco operates as an industrial-scale manufacturing concessionaire specializing in the production of advanced lithium iron phosphate (LFP) battery cells and power packs. The company’s core business model revolves around developing an integrated cathode-to-cell automotive industrial ecosystem powered primarily by renewable energygrids. Its value proposition centers on delivering localized, high-performance battery storage and electric mobility technologies that strategically bridge supply chains for European automakers and emerging global clean energy markets. | $113.8M / Debt Financing / Jul 24, 2026 | ||
| The Fonds d'Équipement Communal (FEC) is a state-owned public development bank dedicated entirely to financing local and territorial government infrastructure. | $171.1M / Debt Financing / Jul 22, 2026 | ||
| TAMWILCOM represents the sole intervenor of the state in matters of public guarantee of financing. | $2.5M / Grant / Jun 22, 2026 | ||
| See all 99 investments → | |||
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FAQ
What does African Development Bank invest in?
African Development Bank invests primarily in Financial Services, Banking and Finance startups, most often at Debt Financing and Grant stage. Most of the 99 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does African Development Bank invest in?
African Development Bank typically joins rounds of $200k–$17M at Grant, $10M–$692M at Post-IPO Debt and $15M–$307M at Debt Financing. These are whole funding-round sizes, not African Development Bank's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds African Development Bank took part in.
How do I contact African Development Bank?
Public channels for African Development Bank include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at African Development Bank?
The team at African Development Bank includes Ahmed Attout (Director), Djibril Koné (PMO) and Dr. Beth Dunford (Vice President, Agriculture, Human and Social Development), among 8 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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