Spiro’s Cameroon Launch Strengthens Its Pan-African Expansion Strategy

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Spiro, a leading Africa-focused electric mobility company, has reached a major milestone by deploying 95,000 electric motorcycles across its operational markets. The company has also officially launched operations in Cameroon, bringing its total footprint to seven African countries, with an ongoing pilot programme in Tanzania. This expansion highlights the accelerating adoption of electric mobility solutions…

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EV

Will the Ecobank–Proparco Partnership Improve Access to Finance for Agricultural SMEs

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Ecobank Transnational Incorporated and Proparco have signed a major partnership to mobilise up to €300 million over the next three years to support agricultural value chains and women-led businesses across Africa. The Memorandum of Understanding was announced on 11 May 2026 at the Africa Forward Summit in Nairobi. This collaboration combines Ecobank’s extensive pan-African banking…

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Agri-SMEs, Funding

Green Finance Reform at Africa Forward: Will New Financial Architecture Deliver Climate Capital for African Nations?

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As Presidents William Ruto of Kenya and Emmanuel Macron of France co-host the Africa Forward Summit in Nairobi on 11–12 May 2026, discussions on reforming the international financial architecture stand out as a central pillar. African leaders are seeking more equitable access to climate finance, sustainable investment, and pathways for green industrialisation. With the anticipated…

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Climate Events

What East Africa Stands to Gain from a Potential Dangote Refinery in Kenya

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Aliko Dangote, Africa’s richest man and founder of the Dangote Group, has expressed strong interest in replicating the landmark Dangote Refinery model in Kenya. In a recent interview with the Financial Times, Dangote indicated that Kenya is a prime candidate for a new large-scale refinery, citing the country’s strategic location, growing energy demand, and potential…

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News

Enko Capital Supports Angola’s Energy Transition with Solar Infrastructure Investment

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Enko Capital has announced that its Impact Credit Strategy, which recently reached a first close of US$100 million, has made a strategic investment in Metalosul, an Angolan subsidiary of the Omatapalo Group. The financing will support the acquisition of photovoltaic panels for a 724 MW solar infrastructure project in Luanda, one of the largest renewable…

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Clean energy, Funding

International Finance Corporation Targets Energy Access Gap with Zafiri Investment Vehicle

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The International Finance Corporation (IFC) has approved a proposed investment of up to US$120 million in Zafiri Investment Vehicle, a new permanent capital vehicle established in Mauritius. The initiative seeks to address the persistent energy access gap in Sub-Saharan Africa by providing long-term, patient capital for scalable clean energy solutions. Zafiri will focus on investing…

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Funding, Uncategorized

Acumen Backs Scalable Market-Driven Poultry Platform

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Acumen has announced an investment in Pullus Africa Solutions Limited, a Nigerian agribusiness dedicated to creating reliable and fair markets for smallholder poultry farmers. The investment will support the expansion of Pullus’ aggregation network and cold-chain infrastructure, enabling farmers to sell chickens consistently throughout the year at stable, fair prices rather than being limited to…

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Agri-SMEs, Funding

Octavia Carbon Partners with Cella Mineral Storage on Breakthrough DACCS Project

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Octavia Carbon, a leading African carbon capture innovator, has entered a strategic partnership with Cella Mineral Storage to develop a pioneering Direct Air Carbon Capture and Storage (DACCS) project. The collaboration aims to combine Octavia’s advanced capture technology with Cella’s expertise in permanent mineral storage to deliver scalable, high-integrity carbon removal solutions. This partnership represents…

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Science

The Refugee Investment Facility (RIF) Makes Its First Investment in Kenya, Backing Water and Recycling Business in Kakuma (Turkana County, Kenya) 

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The Refugee Investment Facility (RIF) has completed its first investment in Kenya, providing senior secured growth capital to LIFTA Kenya Limited, an integrated bottled water and PET recycling company based in Kakuma, Turkana County. The investment supports the expansion of essential services and economic opportunities in one of East Africa’s largest refugee-hosting areas. Kakuma and…

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Uncategorized

IFC Set to Anchor Growth of Facility for Energy Inclusion with Strategic Equity Commitment

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The International Finance Corporation (IFC) has announced plans to invest up to US$40 million in equity in the Facility for Energy Inclusion (FEI), a pan-African structured debt fund managed by Cygnum Capital. The investment, expected to close in the coming months, will support the expansion of decentralised renewable energy solutions across the continent. FEI is…

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Funding