Author: Africa Digest News

How Anzana Secured $20M to Scale Run-of-River Hydropower Projects Across Africa

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Anzana Electric Group has closed a $20 million senior secured portfolio debt facility with British International Investment (BII), the UK’s development finance institution, and the implications stretch well beyond a single funding round. Filling the Gap That Big Finance Ignores One of the most persistent structural problems in African clean energy development is the financing…

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Funding, Clean energy

Why ALCB Fund Backed KMRC with KES 624 Million

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The African Local Currency Bond Fund has committed KES 624 million to the Kenya Mortgage Refinance Company following KMRC listing a KES 3.0 billion ($23.2 million) sustainability bond on the Nairobi Securities Exchange, marking Kenya’s first sustainability bond in the domestic capital markets. Arranged by NCBA Investment Bank Limited, the eight-year Kenyan shilling-denominated instrument features…

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Funding

Why Spiro Acquired EV Engineering Firm Coexlion

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Spiro has acquired Coexlion EV engineering consultancy as a capability acquisition, not a financial one. Coexlion, with operations in the United Kingdom and Bangalore, India, is a specialist engineering consultancy with a track record that reads like a who’s who of the global two-wheeler industry. The firm has worked with legacy brands like Triumph and…

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EV

How KMRC’s Oversubscribed Bond Signals Rising ESG Investment Demand in Kenya

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When investors put up KSh 9.38 billion for a KSh 3 billion bond, the market is sending a message. The Kenya Mortgage Refinance Company’s latest capital markets move is not just a fundraising success but a key indicator for where institutional and retail investment appetite in Kenya is heading. The Bond That the Market Couldn’t…

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Uncategorized

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