Author: Africa Digest News

Who Is AgroEknor and Why Investors Are Backing Its Growth

March 6, 2026March 6, 2026 Africa Digest News No Comments

Published on: Mar 6, 2026 Acumen has committed capital to AgroEknor, a Nigerian agribusiness company that operates a fully integrated hibiscus value chain. The investment, announced in February 2026, supports AgroEknor’s expansion while advancing inclusive agricultural development and climate-resilient farming practices in Nigeria. AgroEknor sources hibiscus flowers from smallholder farmers, processes the crop into high-quality dried…

Agri-SMEs, Funding

Vanden Avenne Enters Zambian Agrifood Sector with Goldenlay Acquisition

March 5, 2026 Africa Digest News No Comments

Phatisa, through its African Agriculture Fund (AAF), has completed the sale of its majority shareholding in Goldenlay, Zambia’s leading table-egg producer, to Vanden Avenne Group, a Belgian family-owned company specialised in integrated feed manufacturing and animal protein production. AgDevCo, Goldenlay’s long-term debt provider, is also exiting as part of the transaction. Financial terms remain undisclosed….

Agri-SMEs, Funding

How Roam Explorer Is Bringing Real-Time Intelligence to EV Fleets

March 4, 2026 Africa Digest News No Comments

Roam, a Kenyan electric mobility manufacturer, has introduced Roam Explorer, a vehicle intelligence platform that delivers real-time visibility into electric vehicle performance, battery health, location, and usage. The system connects Roam’s electric motorcycles, tuk-tuks, buses, and cars to a centralised digital interface, addressing a critical barrier to scaling electric mobility in Africa: limited asset monitoring…

Uncategorized

How Inspired Evolution Exited Its Controlling Stake in Commercial Energy SA

March 4, 2026March 4, 2026 Africa Digest News No Comments

Inspired Evolution has successfully exited its controlling stake in Commercial Energy SA (CESA), a leading South African clean-energy platform specialising in commercial and industrial (C&I) solar photovoltaic (PV) and battery energy storage system (BESS) assets. The transaction, completed in February 2026, transferred the Evolution II Fund’s shareholding to SolarAfrica Energy, which now becomes the sole…

Clean energy

How Vantage Capital Deployed R635 Million Into Commercial Energy South Africa

March 3, 2026 Africa Digest News No Comments

Vantage Capital has invested R635 million (approximately US$39.5 million) in Commercial Energy South Africa (CESA), a subsidiary of SolarAfrica, through a mezzanine debt facility. The transaction, completed in February 2026, was executed in partnership with co-investor Greenpoint Capital and facilitated the full exit of Inspired Evolution from CESA. As a result, SolarAfrica now holds 100%…

Funding, Clean energy

How Phatisa Made Zaad Its First Investment Under Food Fund 3

March 2, 2026 Africa Digest News No Comments

Phatisa, through its African Innovation Food Fund 3 (PFF 3), has reached an agreement to acquire Zaad, a South Africa-headquartered investment holding company focused on the agricultural inputs sector. The transaction, announced in February 2026, marks the inaugural investment of PFF 3 and is executed alongside a consortium of co-investors: the Public Investment Corporation (PIC),…

Agri-SMEs

What FinDev Canada’s $33 Million Commitment Means for Climate Finance

March 2, 2026 Africa Digest News No Comments

FinDev Canada has announced a proposed investment of up to US$33 million in the BlueOrchard Climate Action Mobilisation Fund (BOCAMF), a 12-year private debt blended-finance vehicle managed by BlueOrchard Finance. The commitment, disclosed in February 2026, is designed to mobilise private capital toward climate-resilient growth in emerging and developing economies. BOCAMF channels long-term, affordable financing…

Funding

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