Author: Africa Digest News

PIDG and BlackRock’s GIP Launch $750 Million Blended Finance Fund to Channel Private Capital into Climate-Resilient Infrastructure Across Africa

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The Private Infrastructure Development Group has announced a strategic partnership with Global Infrastructure Partners, part of BlackRock, to mobilise approximately $750 million in private institutional investment into climate-resilient infrastructure across emerging markets and developing economies, with Africa as the primary focus. The vehicle at the centre of the partnership is the GIP Infrastructure Resilience Development…

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Funding

MTN Nigeria and First WATT Renewable Deploy 34 MWp Solar and EV Charging Network Across Eight Cities

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MTN Nigeria is rolling out one of the country’s most ambitious telecoms energy transitions, partnering with First WATT Renewable Limited to deploy 34 megawatts of solar photovoltaic capacity and 40 MWh of battery energy storage across critical network infrastructure while simultaneously installing electric vehicle charging stations at eight locations nationwide. The programme places MTN Nigeria…

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Clean energy

Why Investors Are Backing Holocene’s Vision for Climate Innovation in Africa

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Holocene, a specialised climate tech investment fund focused on Southern Africa, has announced the final close of Holocene Ventures Fund I (HVF1), completing a fundraise that has already deployed capital into 10 companies across electric mobility, circular economy infrastructure, and sustainability solutions in just 18 months. The close signals growing investor conviction that Africa’s demographic…

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Funding

Creslow Energy Solutions Secures Abadali Fund Backing to Scale South African Lithium Battery Technology Into Global Markets

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Creslow Energy Solutions has secured funding from the Abadali Fund, managed by Edge Growth Ventures, as the company accelerates its push to embed South African lithium battery technology into global industrial supply chains. The Abadali Fund Edge Growth investment comes through the Abadali Equity Equivalent Investment Programme, a Department of Trade, Industry and Competition initiative…

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Funding

Africa Finance Corporation Commits $600 Million to Dangote Fertiliser Expansion That Could Triple Nigeria’s Urea Output

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The Africa Finance Corporation has approved the AFC $600 million Dangote fertiliser expansion facility for Greenview Fertiliser Corp., the fertiliser holding company of the Dangote Group that will triple Nigeria’s urea fertiliser production capacity and establish a new manufacturing plant in Ethiopia. The funding forms part of a broader $7 billion programme that ranks among…

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Funding

Green Finance in Kenya: Loans, Bonds & Funds for Climate-Friendly Projects

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Kenya is in the middle of a green finance revolution, and the numbers are significant. The government has set a target to raise KES 100 billion through green and climate bonds by 2027. KCB Bank recently secured KES 12.5 billion from the Green Climate Fund. Safaricom’s green bond issuance was oversubscribed, attracting KES 41.4 billion…

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Funding

El Niño and Kenya: What It Is, Why It Matters, and How to Prepare

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The World Meteorological Organization has confirmed it: El Niño is returning. For Kenyans who lived through the floods of 2023 to 2024, those three words carry real weight. Here is everything you need to know: what El Niño actually is, what it has done to Kenya before, and what you can do to prepare. What…

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Climate Events

Agriarche Raises Strategic Investment from Proparco to Strengthen Nigeria’s Food Supply Chain

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French development finance institution Proparco has invested in Agriarche, a Nigerian agri-tech company building technology-enabled infrastructure for agricultural value chains and smallholder farmer market access, through its Bridge Fund, which backs innovative women-led startups contributing to more inclusive and sustainable agricultural systems across sub-Saharan Africa. The funding strengthens Agriarche’s ability to scale its integrated model…

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Agri-SMEs, Funding

KCB’s Green Lending Reaches New Heights as Sustainable Finance Exceeds 25% of Total Loans

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KCB Group Plc has disbursed KShs. 48.8 billion in green financing loans across East Africa, surpassing its strategic target of allocating 25% of total lending to green projects and reaching 25.84% in 2025, up from 21.6% in 2024. The figures are disclosed in KCB’s 2025 Sustainability Report themed “Transitioning Economies,” which positions sustainable finance as…

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News updates

Mulilo Hits Financial Close on Fifth Renewable Energy Project in 2026

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Mulilo has reached financial close on the Hartebeesfontein Battery Energy Storage System, a 77 MW / 308 MWh facility near Klerksdorp in the North West Province, marking the company’s fifth project to reach financial close in 2026. Awarded under Bid Window 2 of South Africa’s BESS IPP Procurement Programme, the project is part of a…

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Funding