Leading the conversation on Climate in Africa
Moove has closed a $250 million Series C funding round. This Moove Series C funding 2026 raise lifts the company’s valuation to $2.1 billion, officially confirming its long-anticipated unicorn status. The round was announced on August 5 and led by Abu Dhabi’s Mubadala Investment Company, with Woven Capital, Toyota’s growth fund, and Ion Pacific co-leading….
Lesotho has signed a binding agreement with US-based Convalt Energy worth $6.2 billion. The deal covers a 1,200-megawatt hydropower facility and an integrated AI data centre. It was formally signed on 4 June 2026 between Convalt Energy and Lesotho’s Ministry of Energy. The agreement is the largest foreign direct investment in Lesotho’s recorded history. The…
Ethio Telecom has launched the eighth edition of its nationwide Green Legacy campaign. The company is planting 250,000 tree seedlings across Ethiopia. The campaign is running simultaneously in Addis Ababa and across all 18 of the operator’s regional offices. More than 3,500 employees and partners took part in planting events at the same time. It…
Read More “Ethio Telecom Combines Reforestation with Renewable Telecom Infrastructure Expansion” »
Swedfund has committed $12 million to the Acumen Resilient Agriculture Fund II. This Swedfund ARAF II Africa agriculture investment makes the Swedish development finance institution one of several new backers joining the fund’s latest close. ARAF II reached a total of $90 million in fresh committed capital, anchored by a $12.5 million commitment from FMO,…
Read More “Swedfund Backs ARAF II with $12 Million Commitment” »
Export Trading Group, one of Africa’s largest agribusiness conglomerates, has closed a syndicated 600 million dollar sustainability linked loan facility. The deal brings together a consortium of major European and African development finance institutions, marking one of the largest ESG tied financing packages ever assembled for African agriculture. For a sector where access to capital…
Sun King, the world’s largest off grid solar company, announced plans to enter Madagascar with an investment of up to 50 million dollars. The company aims to connect 1.5 million customers by 2030. This marks Sun King’s expansion into its twelfth African country and puts it directly into one of the continent’s most severe electricity…
California-based EV startup Bingo Technologies has officially launched in Kenya. The Bingo E2 electric vehicle Kenya debut took place at a packed industry event in Nairobi on July 28. The company is targeting ride-hailing and last-mile delivery drivers with a vehicle built specifically for the demands of commercial urban driving. Bingo co-founder Christian Scheder framed…
Read More “Bingo Enters Kenya with E2 Electric Vehicle, Targets 10,000 EVs by 2028” »
KCB Bank Kenya has signed a $100 million financing facility with the European Bank for Reconstruction and Development. This KCB Bank EBRD facility Kenya deal, worth roughly Sh12.9 billion, aims to expand credit access for micro, small, and medium enterprises. The agreement was signed in Nairobi and marks EBRD’s very first investment in Kenya’s financial…
Read More “What EBRD’s US$100 Million KCB Facility Means for Kenya’s MSMEs and Green Economy” »
Acumen has closed its second climate focused agriculture fund at $90 million in fresh committed capital. This Acumen ARAF II climate agriculture Africa close marks a significant scale-up from the fund’s original 2020 vehicle. The capital came from a mix of returning and new institutional backers, including FMO, the Green Climate Fund, Proparco, Swedfund, the…
Africa Go Green has provided BioLite with a $10.7 million loan. The facility will fund the purchase and distribution of at least 163,500 improved cookstoves across Zambia. This BioLite Africa Go Green Zambia transaction was announced on July 20 by Cygnum Capital, the fund’s manager. What makes this deal notable is how it gets repaid….
