Leading the conversation on Climate in Africa
Africa50, the Tanzania Petroleum Development Corporation and Egyptian energy company TAQA Arabia have signed an agreement to develop the first phase of a small-scale liquefied natural gas project designed to distribute domestic natural gas to industrial and transportation customers across Tanzania. The deal, announced alongside a fresh capital raise for Africa50, marks a concrete step…
KCB Bank Kenya, KCB Foundation, Mastercard and Heifer International Kenya have launched the Farmer Visibility Project, a nine month pilot designed to bring digital payments and formal financial records to 30,000 smallholder dairy farmers across Kenya. The initiative was unveiled in Nairobi and marks one of the most ambitious KCB Mastercard dairy farmers Kenya collaborations…
Small Foundation has announced a new capital commitment to AgDevCo Ventures, a specialist investment vehicle set up to deliver long term, patient financing to high potential, early stage agribusinesses across East Africa. The announcement deepens a long standing partnership between the two organizations, since Small Foundation was one of AgDevCo’s original early stage backers and…
Read More “Small Foundation Backs AgDevCo Ventures to Boost Early-Stage African Agribusinesses” »
TVS Motor Company has launched its premium electric scooter in Kenya. This TVS iQube electric scooter Kenya debut took place in Nairobi on August 6, 2026. The launch makes TVS the first Indian original equipment manufacturer to introduce a premium electric scooter anywhere in Africa. It also marks Kenya as TVS Motor’s entry point into…
Read More “Can TVS Motor’s iQube Help Accelerate Kenya’s Electric Mobility Transition?” »
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…
