Author: Africa Digest News

Can Hummingbird One Bridge Africa’s Early-Stage Climate Finance Gap?

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Global climate finance for Africa has grown significantly over the past decade. Large-scale solar farms, national grid projects, and established clean energy businesses can now access institutional capital with relative ease. The problem sits one layer below: the early-stage, locally owned renewable energy and clean cooking companies that are too small for large funds and…

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Funding

Why IFC Increased Its Commitment to Africa Go Green Fund

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The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has proposed a follow-on investment of up to $23 million in the senior debt tranche of the Africa Go Green Fund (AGG) building on its initial $47 million commitment made in 2023. The fund, managed by Cygnum Capital (formerly Lion’s Head…

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Funding

What the ICMA Nature Bond Designation Means for Ecobank’s Historic $450M Eurobond

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In May 2026, Ecobank closed a $450 million, 10.25-year Tier 2 Eurobond carrying the ICMA Nature Bond secondary designation, making it the first commercial bank globally to issue a use-of-proceeds green bond with this label. The transaction was oversubscribed 3.9 times, with order books topping $1.36 billion against an initial $350 million target. But what…

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News

How SA-H2 Fund Is Backing South Africa’s First Green Methanol Facility

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Climate Investor Three, through its affiliate SA-H2 Fund (managed by Climate Fund Managers in partnership with Invest International), has signed a development funding agreement with Green eFuels Producers (GeFP) to support the construction of South Africa’s first green methanol production facility in Gauteng. The project represents a rare convergence of waste management, renewable energy, and…

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Funding

AI Everything Kenya 2026: Why Africa Is at the Centre of the ESG Conversation

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The global ESG investment conversation has spent years talking about Africa. At AI Everything Kenya 2026, Africa talks back. The intersection of technology, sustainable finance, and green innovation is one of the most consequential and most misunderstood themes in the continent’s economic story. Africa is simultaneously the region most exposed to climate risk and the…

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Climate Events

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