Author: Africa Digest News

In a major vote of confidence for the country’s green transport ambitions, EDFI ElectriFI, the EU-backed Electrification Financing Initiative managed by EDFI Management Company, has announced a $1 million follow-on investment in GOGO Electric, Uganda’s leading e-mobility startup. The new capital, unveiled during the EU’s Green Diplomacy Week in late October 2025, raises ElectriFI’s total…

Read More “What EDFI ElectriFI’s $1M Reinvestment Means for GOGO Electric and Uganda’s EV Market” »

Zafiri, a pioneering decentralised renewable energy fund, has selected Inspired Evolution as investment manager for its $300 million launch, a move set to catalyse energy access and sustainable livelihoods for millions across Africa. Backed by global heavyweights like the African Development Bank (AfDB), International Finance Corporation (IFC), The Rockefeller Foundation, Trade and Development Bank Group…

Read More “Will Inspired Evolution Turn Zafiri’s $300M Fund Into Reality for 30 Million Africans?” »

In a strategic move redefining development finance, FinDev Canada has extended a $100 million facility to the Africa Finance Corporation (AFC) its first venture into Sub-Saharan infrastructure investment. The 10-year loan is more than capital; it’s a signal of trust in Africa’s ability to lead its own green transition. Beyond numbers, it signals a deeper…

Read More “Why FinDev Canada’s $100M Loan to AFC Marks a Turning Point in North–South Climate Collaboration” »

Development finance is often measured in numbers, but Norfund’s $15 million loan to Ghana’s B5 Plus could have an impact far beyond its balance sheet. It’s a strategic bet on green steel, circular manufacturing, and a lower-carbon future for West Africa’s booming construction and infrastructure markets. The Steel Sector’s Carbon Challenge and Ghana’s Opportunity Steel…

Read More “Why Funding B5 Plus Is Key to Ghana’s Green Industrial Drive” »

It’s one thing to attract seed funding it’s another to win investor confidence in a capital-intensive sector. Rana Energy has done both, raising $3 million in hybrid funding from Techstars, EchoVC Eco, and green debt partners to prove that Africa’s clean energy story can be both scalable and investable. The Funding Blueprint: Equity Meets Green…

Read More “What Investors See in Rana Energy’s $3M Virtual Solar Network Play” »