Author: Africa Digest News

Kenyan Bank Pioneers IFRS S1 and S2 Adoption to Champion Climate Transparency

April 20, 2026 Africa Digest News No Comments

Kenya’s banking sector has taken a significant step toward enhanced climate transparency with the development and launch of a specialised reporting template aligned with IFRS S1 and IFRS S2. This initiative, led by the Kenya Bankers Association (KBA) in collaboration with key partners, positions Kenyan banks as pioneers in adopting global sustainability disclosure standards within…

Policy & Regulations

BasiGo Targets Mass EV Deployment as Local Assembly of Ma3e Vans Begins

April 17, 2026April 17, 2026 Africa Digest News No Comments

Published on: Apr 17, 2026 BasiGo has begun local assembly of its Ma3e electric vans in Kenya, delivering the country’s first locally manufactured electric vans. The assembly is being carried out in partnership with Associated Vehicle Assemblers (AVA), a leading Kenyan contract manufacturer based in Mombasa, using Complete Knocked Down (CKD) kits. The first 22 locally…

SPIRO Accelerates Togo Expansion with New Financing Partnerships

April 17, 2026April 17, 2026 Africa Digest News No Comments

Published on: Apr 17, 2026 SPIRO has announced new strategic partnerships in Togo aimed at improving financing options for customers purchasing electric motorcycles. The agreements, finalised in April 2026, involve two established microfinance institutions: Millennium Microfinance, which will support customers in Lomé, and URCLEC, which will extend services to regions outside the capital through its network…

Roam Sets New Benchmark with IP67 Battery and GPS Tracking in Roam Air Gen 3

April 17, 2026April 17, 2026 Africa Digest News No Comments

Published on: Apr 17, 2026 Roam, Africa’s fastest-growing electric mobility company according to the Financial Times (2025), has launched the Roam Air Gen 3, the latest evolution of its electric motorcycle platform. The new model introduces a redesigned Gen 3 battery engineered to address key challenges faced by commercial riders in Africa, including long charging times,…

South Africa Advances Energy Transition with Middlepunt Solar Financial Close

April 16, 2026 Africa Digest News No Comments

Mulilo has achieved financial close on the Middlepunt Solar PV project, a 337 MW (DC) / 240 MW (AC) utility-scale solar photovoltaic facility located near Welkom in South Africa’s Free State province. The milestone, reached in April 2026, marks a significant step in the country’s renewable energy expansion under Bid Window 7. Once fully operational,…

Funding

Mirepa Targets Diaspora Demand with Investment in Ghanaian Food Producer

April 15, 2026April 15, 2026 Africa Digest News No Comments

Posted on April 15, 2026 by Africa Digest News Mirepa Investment Advisors has completed an investment in Uniik Foods through its SME private equity vehicle, Mirepa Capital SME Fund I. The transaction will support the company’s next phase of growth by modernising production infrastructure, expanding manufacturing capacity, and strengthening both domestic distribution and international export operations. Headquartered in…

Agri-SMEs, Funding

Energy-Efficient AI Gains Momentum as Refiant Secures Backing from VoLo Earth Ventures

April 15, 2026April 15, 2026 Africa Digest News No Comments

Posted on April 15, 2026 by Africa Digest News South African-founded artificial intelligence startup Refiant has secured US$5 million in seed funding, led by climate-focused investment firm VoLo Earth Ventures. The capital will accelerate the development and commercialisation of its proprietary model compression technology, which significantly reduces the energy and infrastructure required to run large-scale AI systems. The…

Clean energy, Funding

PowerLabs Targets Nigeria’s Power Crisis with AI-Powered Energy Platform

April 15, 2026April 15, 2026 Africa Digest News No Comments

Posted on April 15, 2026 by Africa Digest News PowerLabs, a Nigerian energy and climate technology startup, has successfully raised pre-seed funding in a round led by venture firm Breega, with participation from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures. The capital will be deployed to scale Pai, its core artificial intelligence-driven platform designed to help businesses…

Funding, Energy

How Acumen Is Scaling Regenerative Agriculture Through Coffee

April 10, 2026 Africa Digest News No Comments

Acumen has made a strategic investment in Mountain Harvest, a Ugandan speciality coffee company that partners with smallholder farmers to deliver higher incomes and promote climate-resilient regenerative agriculture. The investment will support the construction of a temperature-controlled warehouse, dry mill and colour sorter, and land acquisition to expand processing capacity and strengthen the company’s supply…

Agri-SMEs, Funding

AgDevCo Deepens Bet on Aquaculture with Victory Group Expansion

April 10, 2026April 10, 2026 Africa Digest News No Comments

AgDevCo has committed US$15 million in a follow-on investment to Victory Group, a fast-growing aquaculture company operating in Kenya and Rwanda. The mezzanine loan, announced on 8 April 2026, builds on AgDevCo’s initial US$4 million investment made in 2021 and reflects continued confidence in the company’s strategy, operational performance, and long-term impact potential. Victory Group…

Agri-SMEs, Funding