Category: Funding

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…

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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…

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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…

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

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…

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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…

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A structured capital facility targeting distributed hydropower generation and grid distribution infrastructure has been agreed in principle, with Convergence Partners Energy Finance signing indicative terms for a proposed $20 million investment into Anzana Electric Group at a moment when the African energy financing market is actively searching for the bridge instruments that move developers from…

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Africa’s largest solar mini-grid operator has secured $31 million in new funding to expand into two of the continent’s most energy-constrained and consequential markets, with the International Finance Corporation joining WeLight’s founding shareholders in backing a decentralised solar model that already serves more than 800,000 people across Madagascar and Mali. The WeLight $31 million solar…

Read More “WeLight Raises $31 Million to Bring Proven Madagascar and Mali Solar Mini-Grid Model to Nigeria and DRC” »

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…

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