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

Schneider Electric Foundation and Enactus two-year- partnership reaches over 30 000 students across Sub-Saharan Africa

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Schneider Electric, in partnership with Enactus, is reflecting on two years of successful collaboration across Sub-Saharan Africa, advancing youth entrepreneurship, sustainable energy innovation, and measurable community impact. From 2024-25, the partnership engaged more than 32,000 students across South Africa, Kenya, Nigeria, and Zimbabwe, equipping young leaders with the skills, mentorship, and funding to design and scale…

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News

SBM Bank Kenya Expands Green Banking with EV Financing Initiative

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SBM Bank Kenya has launched a KES 1 billion green finance facility dedicated to supporting the transition to cleaner and more sustainable mobility solutions in Kenya. The facility is designed to empower both individual customers and businesses to adopt electric and hybrid vehicles, reinforcing the bank’s commitment to environmental sustainability and responsible banking. In a…

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EV

NCBA Bank Targets Agri-Food Value Chain with Women SME Financing Programme

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NCBA Bank has strengthened its commitment to gender-inclusive growth by partnering with the African Guarantee Fund under the Affirmative Finance Action for Women in Africa (AFAWA) initiative, led by the African Development Bank Group. Through the NCBA–AFAWA WSMEs Acceleration Programme, the bank is providing targeted financial and non-financial support to women-led small and medium enterprises…

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Agri-SMEs

Dodai Scales E-Motorbike and Battery Swapping Network with BII Backing

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Dodai has secured fresh backing from British International Investment (BII), as it accelerates the rollout of electric motorbikes and battery-swapping infrastructure in the capital, Addis Ababa. The UK’s development finance institution has committed $5 million in debt financing as part of Dodai’s broader $13 million Series A round, reinforcing investor confidence in clean, affordable transport…

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Funding, EV