AFRICA DIGEST NEWS - Leading the conversation on Climate in Africa

How Spiro’s $50 Million Facility Strengthens Africa’s E-Mobility Sector

February 25, 2026 Africa Digest News No Comments

Spiro has secured US$50 million in debt financing from Afreximbank, Nithio, and the Africa Go Green Fund. This facility, announced in February 2026, is designed to accelerate the expansion of Spiro’s battery-swapping infrastructure and electric motorcycle fleet across key African markets. The transaction builds on the company’s US$100 million equity raise in 2025 and reflects…

EV, Funding

Why GSMA Is Investing in Clean Energy for Mobile Connectivity

February 25, 2026 Africa Digest News No Comments

The GSMA has launched the Innovation Fund for Green Transition for Mobile, a grant programme that provides targeted support to small and growing enterprises in Africa, Central and South America, and South and Southeast Asia. Applications are open until 6 April 2026, with full terms and conditions available on the official GSMA website. The fund…

Clean energy, Funding

How Swedfund Is Backing African Agribusiness Through Phatisa Food Fund 3

February 24, 2026 Africa Digest News No Comments

Swedfund has committed US$15 million to Phatisa Food Fund 3 (PFF 3), a private equity fund dedicated to established agribusinesses and food-related companies across Africa. This investment forms part of the fund’s first close of US$86 million, announced in February 2026, and joins commitments from British International Investment (BII), Norfund, the International Finance Corporation (IFC),…

Funding, Agri-SMEs

How Angel Investors Are Powering Early-Stage Climate Innovation in Africa

February 23, 2026 Africa Digest News No Comments

Angel investors constitute one of the most important sources of early-stage capital in the climate technology and cleantech sectors. These high-net-worth individuals deploy personal funds into promising ventures, typically during the pre-seed or seed stages, and often contribute more than financial resources. Their involvement frequently includes strategic guidance, industry networks, and mentorship, which can prove…

Funding

How Corporate Venture Capital Is Shaping the Climate Tech and Cleantech Ecosystem

February 23, 2026 Africa Digest News No Comments

Corporate Venture Capital (CVC) constitutes one of the most strategically oriented sources of institutional funding in the climate technology and cleantech sectors. These investment arms are established and funded by large corporations to pursue equity investments in high-growth startups, with objectives that extend beyond purely financial returns to encompass strategic alignment, technology scouting, ecosystem access,…

Funding

Why Venture Capital Is Central to Climate Tech Growth

February 23, 2026February 23, 2026 Africa Digest News No Comments

Venture capital firms represent the dominant source of institutional funding in the climate technology and cleantech sectors. These professional investment entities raise pooled capital from limited partners such as pension funds, endowments, sovereign wealth funds, family offices, and high-net-worth individuals and deploy it into high-growth equity investments across stages, from seed through Series C and…

Funding

How Finnfund Is Scaling Solar-Hybrid Telecom Energy in South Sudan

February 20, 2026 Africa Digest News No Comments

Finnfund has committed an additional US$5 million to Communication & Renewable Energy Infrastructure (CREI), bringing its total investment to US$10 million. This funding, announced on February 19, 2026, and supported by the European Fund for Sustainable Development Plus (EFSD+) under the Africa Connected programme, will accelerate the deployment and modernisation of solar-hybrid energy systems across…

Energy

Sidian Bank Kes, 2million boost Kenya Teachers SACCOs Association leaders’ summit

February 18, 2026February 18, 2026 Africa Digest News No Comments

Mid-sized lender, Sidian Bank has reaffirmed its commitment to strengthening partnerships with Savings and Credit Cooperative Organizations (SACCOs) as part of its growth strategy aimed at expanding financial inclusion and deepening community engagement across the country. Speaking while announcing a Ksh 2 million sponsorship towards the 5th Annual Leaders’ Summit organized by the Kenya Teachers…

Uncategorized

Who Should Apply to Katapult Africa’s Climate-Tech Accelerator

February 18, 2026 Africa Digest News No Comments

Katapult Africa has opened applications for its three-month climate-tech accelerator programme, an intensive initiative designed to propel early-stage African startups toward commercial scale and measurable environmental impact. The programme, now accepting submissions until 25 April 2026, focuses on equipping participants with the tools, networks, and strategic guidance required to transition from promising innovation to sustainable,…

Startups

How Eveready East Africa Is Reinventing Itself After Battery Losses

February 16, 2026February 16, 2026 Africa Digest News No Comments

Eveready East Africa has executed a major strategic pivot from its traditional battery distribution business toward an integrated clean energy platform. Announced in early February 2026, this transformation addresses prolonged financial challenges that resulted in a negative equity position of Sh1.01 billion as of March 2024, stemming from years of losses in the legacy dry-cell…

Clean energy