How Mulilo Plans to Use Norfund’s Capital to Unlock a 30 GW Clean Energy Pipeline

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South Africa’s fragile electricity system is set for a lift after Norfund, Norway’s state-owned development finance institution, committed $75 million (R1.3 billion) for a minority stake in Mulilo Energy Holdings. The investment comes through Norfund’s Climate Investment Fund, advised by Standard Chartered, and follows Copenhagen Infrastructure Partners’ (CIP) $200 million injection in 2023. Together, these…

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Clean energy, Funding

How Proparco’s Equity Stake Will Accelerate Kenya’s Clean Energy Transition at Kipeto Wind Farm

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Kenya’s renewable energy agenda has received a significant boost after Proparco, the private-sector financing arm of the French Development Agency (AFD) Group, acquired an equity stake in the 100 MW Kipeto Wind Farm, the country’s second-largest onshore wind facility. The investment was announced during a visit by French Ambassador Arnaud Suquet and forms part of…

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Clean energy

What BasiGo’s New Komarock, Taj Mall and Riruta Charging Depots Mean for Operators

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BasiGo has opened three new charging depots in Komarock, Taj Mall (Pipeline), and Riruta, significantly expanding the backbone of Nairobi’s fast-growing e-bus ecosystem. The rollout alongside a fourth depot planned for Juja by December boosts capacity for a fleet now surpassing 100 electric buses. Since launching in 2022, BasiGo’s vehicles have logged more than one…

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Clean energy

How Octavia Carbon Became Africa’s Only Finalist in Tencent’s $28 Million CarbonX Challenge

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In a major milestone for Octavia Carbon, the Kenyan direct air capture (DAC) startup has been named the continent’s sole finalist in Tencent’s CarbonX Program 2.0. Selected from more than 660 applicants across 54 countries and 12 regions, the announcement was made at the CarbonX Summit in Shenzhen on 29 October 2025. As one of…

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Science, Technology

Can IFC and Actis Scale Renewables Fast Enough to Meet Global Net-Zero Goals?

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In a timely boost for the world’s stalling energy transition, the International Finance Corporation (IFC) has proposed a landmark $100 million equity investment in the Actis Energy 6 Fund, alongside a $100 million co-investment envelope, for a potential total of up to $200 million. The move, disclosed on November 12, 2025, aims to turbocharge sustainable…

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Funding

How BII and BlueOrchard Are Unlocking $250 Million in Insurance Capital for Climate Action

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Climate finance has a math problem: trillions needed, billions delivered. But a new alliance between British International Investment (BII), the UK’s development-finance institution, and BlueOrchard Finance Ltd, the impact-investment arm of Schroders Group, aims to rewrite that equation. Enter a landmark partnership. On November 10 they launched the BlueOrchard Climate Action Mobilisation Fund (BOCAMF), which…

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Funding

How China’s Chery Is Bringing Affordable Electric Mobility to Kenya’s Middle Class

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In a market long dominated by second-hand imports, Chinese automaker Chery is shaking up Kenya’s automotive scene with a bold entry targeting the nation’s fast-growing middle class. In partnership with Caetano Kenya, the brand is rolling out a lineup of electric and hybrid SUVs that blend affordability, advanced technology, and reliability, offering a new value…

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Energy

Why Investors Are Rallying Behind Sedgeley Solar’s Green Energy Vision

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Sedgeley Solar Group (SSG), a newly formed powerhouse born from the merger of SolarSaver and Sedgeley, announced a landmark $60 million equity raise. Anchored by Inspired Evolution’s Evolution III Energy Transition Fund, which committed $30 million, and co-led by Dutch development financier FMO and Sweden’s Swedfund, the raise signals resurgent investor confidence in scalable, impact-driven…

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Funding

What You Need to Know About the JSE’s Push for Climate Transparency

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In an era when climate risk is as material as credit risk, stock exchanges are rewriting the rulebook for corporate transparency. And in Africa, the Johannesburg Stock Exchange (JSE) is leading that charge. Its Sustainability and Climate Disclosure Guidance, first launched in 2022 and refined through 2025, is a roadmap pushing corporate South Africa toward…

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Environment

How Limbua Kenya Is Scaling Sustainable Macadamia Processing with BIO’s Backing

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As Kenya strengthens its policies on agricultural value addition, Limbua Kenya is emerging as a model for inclusive, climate-smart growth. Backed by a new investment from Belgium’s BIO, the social enterprise is scaling its organic macadamia processing network, linking over 10,000 farmers to global ethical markets. The deal comes as Kenya’s macadamia sector, projected to…

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Agri-tech, Funding