Can TVS Motor’s iQube Help Accelerate Kenya’s Electric Mobility Transition?

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TVS Motor Company has launched its premium electric scooter in Kenya. This TVS iQube electric scooter Kenya debut took place in Nairobi on August 6, 2026. The launch makes TVS the first Indian original equipment manufacturer to introduce a premium electric scooter anywhere in Africa. It also marks Kenya as TVS Motor’s entry point into…

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EV

What Moove’s $2.1 Billion Valuation Reveals About Africa’s Most Ambitious Global Mobility Company

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Moove has closed a $250 million Series C funding round. This Moove Series C funding 2026 raise lifts the company’s valuation to $2.1 billion, officially confirming its long-anticipated unicorn status. The round was announced on August 5 and led by Abu Dhabi’s Mubadala Investment Company, with Woven Capital, Toyota’s growth fund, and Ion Pacific co-leading….

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Funding

Lesotho Secures Record $6.2 Billion Investment for Hydropower and AI Data Centre Project

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Lesotho has signed a binding agreement with US-based Convalt Energy worth $6.2 billion. The deal covers a 1,200-megawatt hydropower facility and an integrated AI data centre. It was formally signed on 4 June 2026 between Convalt Energy and Lesotho’s Ministry of Energy. The agreement is the largest foreign direct investment in Lesotho’s recorded history. The…

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Funding

Ethio Telecom Combines Reforestation with Renewable Telecom Infrastructure Expansion

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Ethio Telecom has launched the eighth edition of its nationwide Green Legacy campaign. The company is planting 250,000 tree seedlings across Ethiopia. The campaign is running simultaneously in Addis Ababa and across all 18 of the operator’s regional offices. More than 3,500 employees and partners took part in planting events at the same time. It…

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Clean energy

Swedfund Backs ARAF II with $12 Million Commitment

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Swedfund has committed $12 million to the Acumen Resilient Agriculture Fund II. This Swedfund ARAF II Africa agriculture investment makes the Swedish development finance institution one of several new backers joining the fund’s latest close. ARAF II reached a total of $90 million in fresh committed capital, anchored by a $12.5 million commitment from FMO,…

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Funding

Why ETG’s $600 Million Sustainability Linked Facility Is a Turning Point for African Agricultural Supply Chains

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Export Trading Group, one of Africa’s largest agribusiness conglomerates, has closed a syndicated 600 million dollar sustainability linked loan facility. The deal brings together a consortium of major European and African development finance institutions, marking one of the largest ESG tied financing packages ever assembled for African agriculture. For a sector where access to capital…

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Funding

Can Sun King’s $50 Million Madagascar Investment Close One of Africa’s Largest Energy Access Gaps?

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Sun King, the world’s largest off grid solar company, announced plans to enter Madagascar with an investment of up to 50 million dollars. The company aims to connect 1.5 million customers by 2030. This marks Sun King’s expansion into its twelfth African country and puts it directly into one of the continent’s most severe electricity…

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Clean energy

Bingo Enters Kenya with E2 Electric Vehicle, Targets 10,000 EVs by 2028

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California-based EV startup Bingo Technologies has officially launched in Kenya. The Bingo E2 electric vehicle Kenya debut took place at a packed industry event in Nairobi on July 28. The company is targeting ride-hailing and last-mile delivery drivers with a vehicle built specifically for the demands of commercial urban driving. Bingo co-founder Christian Scheder framed…

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EV

What EBRD’s US$100 Million KCB Facility Means for Kenya’s MSMEs and Green Economy

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KCB Bank Kenya has signed a $100 million financing facility with the European Bank for Reconstruction and Development. This KCB Bank EBRD facility Kenya deal, worth roughly Sh12.9 billion, aims to expand credit access for micro, small, and medium enterprises. The agreement was signed in Nairobi and marks EBRD’s very first investment in Kenya’s financial…

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Funding

Why ARAF II’s US$90 Million Close Signals a Turning Point for Climate-Smart Agriculture Investment in Africa

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Acumen has closed its second climate focused agriculture fund at $90 million in fresh committed capital. This Acumen ARAF II climate agriculture Africa close marks a significant scale-up from the fund’s original 2020 vehicle. The capital came from a mix of returning and new institutional backers, including FMO, the Green Climate Fund, Proparco, Swedfund, the…

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Funding