Author: Africa Digest News

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

Posted on By Africa Digest News No Comments on How Angel Investors Are Powering Early-Stage Climate Innovation in Africa

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…

Read More “How Angel Investors Are Powering Early-Stage Climate Innovation in Africa” »

Funding

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

Posted on By Africa Digest News No Comments on How Corporate Venture Capital Is Shaping the Climate Tech and Cleantech Ecosystem

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,…

Read More “How Corporate Venture Capital Is Shaping the Climate Tech and Cleantech Ecosystem” »

Funding

Why Venture Capital Is Central to Climate Tech Growth

Posted on By Africa Digest News No Comments on Why Venture Capital Is Central to Climate Tech Growth

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…

Read More “Why Venture Capital Is Central to Climate Tech Growth” »

Funding

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

Posted on By Africa Digest News No Comments on How Finnfund Is Scaling Solar-Hybrid Telecom Energy in South Sudan

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…

Read More “How Finnfund Is Scaling Solar-Hybrid Telecom Energy in South Sudan” »

Energy

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

Posted on By Africa Digest News No Comments on Sidian Bank Kes, 2million boost Kenya Teachers SACCOs Association leaders’ summit

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…

Read More “Sidian Bank Kes, 2million boost Kenya Teachers SACCOs Association leaders’ summit” »

Uncategorized

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

Posted on By Africa Digest News No Comments on Who Should Apply to Katapult Africa’s Climate-Tech Accelerator

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,…

Read More “Who Should Apply to Katapult Africa’s Climate-Tech Accelerator” »

Startups

How Eveready East Africa Is Reinventing Itself After Battery Losses

Posted on By Africa Digest News No Comments on How Eveready East Africa Is Reinventing Itself After Battery Losses

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…

Read More “How Eveready East Africa Is Reinventing Itself After Battery Losses” »

Clean energy

How Spiro’s Sh903 Million Funding Round Strengthens Its Growth Strategy

Posted on By Africa Digest News No Comments on How Spiro’s Sh903 Million Funding Round Strengthens Its Growth Strategy

Spiro has raised Sh903 million (approximately US$7 million) to accelerate the expansion of its electric motorcycle fleet and battery-swapping infrastructure across Kenya and other African markets. This funding round, announced in mid-February 2026, enables the company to intensify rider acquisition, increase the density of swap stations, and scale overall fleet operations. Spiro’s model allows motorcycle…

Read More “How Spiro’s Sh903 Million Funding Round Strengthens Its Growth Strategy” »

EV

How the Skoot e3W Cuts Fuel Costs by Up to 30% for Urban Operators

Posted on By Africa Digest News No Comments on How the Skoot e3W Cuts Fuel Costs by Up to 30% for Urban Operators

Skoot Technology has launched the Skoot e3W, a battery-swapping electric three-wheeler specifically designed for urban tuk-tuk operators in Kenya. Distributed locally by Car & General and powered by SUN Mobility’s battery-swapping platform, the vehicle addresses rising fuel prices and vehicle downtime challenges prevalent in the informal transport sector. Following two years of pilot testing in…

Read More “How the Skoot e3W Cuts Fuel Costs by Up to 30% for Urban Operators” »

EV

How IFC’s $5 Million Equity Commitment Strengthens ARC Ride’s Position

Posted on By Africa Digest News No Comments on How IFC’s $5 Million Equity Commitment Strengthens ARC Ride’s Position

The International Finance Corporation (IFC) proposes an equity investment of up to $5 million (approximately KSh 645 million) in ARC Ride, a Nairobi-based electric mobility company specialising in battery-as-a-service (BaaS) solutions for two-wheelers. This commitment, disclosed on February 12, 2026, forms part of ARC Ride’s Series A financing round and aims to accelerate network expansion…

Read More “How IFC’s $5 Million Equity Commitment Strengthens ARC Ride’s Position” »

EV