# African Development Bank

Type: organization

Source: SaaS Intelligence Brief — https://getsaasbrief.com/entity/african-development-bank-organization
Canonical HTML page: https://getsaasbrief.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.
- **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 (1 stories)

### $170.6M iDICE Fund Targets Nigeria’s SaaS and Digital Economy
2026-07-01 03:22:23 · Sentiment: Bullish · 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

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