Author: Africa Digest News

Bingo Enters Kenya with E2 Electric Vehicle, Targets 10,000 EVs by 2028

July 30, 2026 Africa Digest News No Comments

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…

What EBRD’s US$100 Million KCB Facility Means for Kenya’s MSMEs and Green Economy

July 30, 2026 Africa Digest News No Comments

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…

Funding

Why ARAF II’s US$90 Million Close Signals a Turning Point for Climate-Smart Agriculture Investment in Africa

July 28, 2026 Africa Digest News No Comments

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…

Funding

What BioLite’s $10.7M Carbon-Backed Debt Deal Reveals About the Future of Clean Cooking Finance

July 23, 2026 Africa Digest News No Comments

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….

Clean energy

Why KCB Foundation and CFAO Mobility Is Betting on Electric Mobility Skills to Future-Proof Kenya’s Youth Workforce

July 22, 2026 Africa Digest News No Comments

KCB Foundation and CFAO Mobility Kenya have renewed their commitment to youth skills development, with KCB describing the partnership as building more than just technical skills. In an official statement shared through KCB Kenya’s channels, the bank said the two organisations are creating pathways to entrepreneurship, innovation, and empowered livelihoods, driving a new generation toward…

What FMO’s Anchor Commitment Signals for Climate-Smart Agriculture Investment in Africa

July 21, 2026 Africa Digest News No Comments

FMO, the Dutch entrepreneurial development bank, has committed $12.5 million to the Acumen Resilient Agriculture Fund II. This FMO Acumen agriculture fund Africa investment anchors ARAF II, the follow-on vehicle to Acumen’s original resilient agriculture fund. The fund is managed by Acumen Capital Partners, a wholly owned subsidiary of Acumen. FMO joins returning investors the…

Funding

Will RUBiS and BasiGo’s Charging Corridor Drive Kenya’s Electric Mobility Tipping Point?

July 20, 2026 Africa Digest News No Comments

BasiGo and Rubis Energy Kenya have partnered to expand fast-charging infrastructure along Kenya’s key transport corridors. The first station is now operational at the Rubis service station in Sabaki, Athi River, and three additional sites in Meru, Nanyuki, and Nyeri scheduled to open later this month. The partnership deploys high-power DC fast chargers open to…

How Eskom Green Will Deliver 32GW Renewables and Accelerate South Africa’s Energy Transition

July 17, 2026July 17, 2026 Africa Digest News No Comments

Eskom has cleared the final regulatory hurdle needed to officially launch its dedicated renewable energy business. The Eskom Green subsidiary now has Section 54(2) approvals under the Public Finance Management Act, along with clearance under the Debt Relief Act. This ring-fenced platform will operate as a wholly owned subsidiary with its own independent board. The…

Clean energy

How AFC’s $300 Million Financing Package Is Addressing Burkina Faso’s Energy Crisis

July 15, 2026 Africa Digest News No Comments

has reached financial close on a $300 million corporate loan facility. The funding supports construction of what will become Burkina Faso’s largest power plant. This AFC Burkina Faso power plant deal marks the Corporation’s very first investment in the country. AFC has already disbursed the initial $60 million tranche. The funds are going to Aksa…

Funding

Sahel Capital Provides $650,000 Loan Facility to Noma Services via SEFAA

July 14, 2026 Africa Digest News No Comments

Sahel Capital has closed a $650,000 loan facility to Noma Services Consolidated Limited. This Sahel Capital Nigeria agribusiness loan comes through the firm’s Social Enterprise Fund for Agriculture in Africa, known as SEFAA. The facility breaks down into two parts. There is $400,000 for working capital and $250,000 for capital expenditure. Noma is a Nigeria-based…

Funding