Category: Funding

SolarAfrica has secured R1.5 billion (approximately US$94 million) in debt financing from Rand Merchant Bank (RMB, part of FirstRand Bank) and Investec Bank Limited to develop SunCentral 2, a 114 MW utility-scale solar power plant in the Northern Cape. Announced on February 10, 2026, this transaction marks a key milestone in the company’s transition from…

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Phatisa Food Fund 3 achieved a first close of US$86 million, announced on February 9, 2026, with commitments from British International Investment (BII), FinDev Canada, Norfund, Swedfund, the International Finance Corporation (IFC), and Phatisa itself. This milestone validates investor confidence in Phatisa’s specialised approach to Africa’s food and agriculture sector. The fund invests across the…

Read More “Phatisa Targets Africa’s Food Value Chain with US$86 Million First Close for Food Fund 3” »

Proparco has invested in the Helios Climate Fund, a climate-focused private equity vehicle managed by Helios Investment Partners, as part of an expanded strategic partnership following Proparco’s USD 20 million commitment to Helios Sports & Entertainment Group in 2024. This latest investment, announced in early February 2026, supports the fund’s second closing at approximately USD…

Read More “How Proparco Is Using Blended Finance to Scale Africa’s Climate Transition” »

Enakl has secured $2.3 million in seed funding, led by Azur Innovation Fund with participation from Witamax and MFounders, and continued support from Catalyst Fund and Digital Africa. The round, finalised in December 2025 and announced in late January 2026, brings the Casablanca-based shared mobility startup’s total funding to $3.7 million following an earlier $1.4…

Read More “Why Enakl’s Model Appeals to Climate and Urban Infrastructure Funds” »

Mirova has committed $19 million to Cold Solutions Kiambu (SEZ) Limited through its Mirova Gigaton Fund, announced on January 21, 2026. This investment supports the expansion of sustainable, energy-efficient cold chain warehousing and logistics in Kenya, with a focus on integrating rooftop solar power to reduce operational emissions and enhance climate resilience.   Cold Solutions…

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British International Investment (BII) has become an anchor investor in the Allianz Credit Emerging Markets fund (ACE), a landmark blended finance vehicle designed to mobilise private capital for climate-aligned investments in emerging markets. Announced in January 2026, this commitment positions BII as a key participant in the junior tranche, contributing $40 million alongside other development…

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Metro Africa Xpress (MAX) has secured $24 million in combined equity and debt financing, announced on January 16, 2026. This capital infusion follows the company’s achievement of profitability in its Nigerian operations and accelerates its strategic transition to electric vehicle (EV) financing and clean mobility infrastructure across West and Central Africa.   MAX electric mobility…

Read More “How MAX Turned Profitability Into a $24 Million Clean Mobility Raise” »

The Private Infrastructure Development Group (PIDG) has committed $3.8 million to Sanivation, comprising $3.3 million in equity investment through its InfraCo project development solution and an additional $500,000 grant via its technical assistance facility. This funding, announced in mid-January 2026, supports the expansion of Sanivation’s innovative faecal sludge treatment facility in Naivasha, Kenya, advancing circular…

Read More “Will Sanivation’s Expansion Redefine Sanitation Infrastructure in Kenya?” »