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Category: Funding

Why FinDev Canada’s $100M Loan to AFC Marks a Turning Point in North–South Climate Collaboration

Posted on October 27, 2025October 27, 2025 By Africa Digest News No Comments on Why FinDev Canada’s $100M Loan to AFC Marks a Turning Point in North–South Climate Collaboration
Why FinDev Canada’s $100M Loan to AFC Marks a Turning Point in North–South Climate Collaboration

In a strategic move redefining development finance, FinDev Canada has extended a $100 million facility to the Africa Finance Corporation (AFC) its first venture into Sub-Saharan infrastructure investment. The 10-year loan is more than capital; it’s a signal of trust in Africa’s ability to lead its own green transition. Beyond numbers, it signals a deeper…

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Funding

What Spiro’s $100M Funding Means for Africa’s EV and Clean Energy Ambitions

Posted on October 22, 2025 By Africa Digest News No Comments on What Spiro’s $100M Funding Means for Africa’s EV and Clean Energy Ambitions
What Spiro’s $100M Funding Means for Africa’s EV and Clean Energy Ambitions

For investors tracking Africa’s clean tech curve, Spiro’s $100 million raise is a landmark moment. Announced on October 21, 2025, and powered by a $75 million commitment from FEDA, the deal underscores growing confidence in the continent’s e-mobility infrastructure and the scalability of battery-swapping models tailored for Africa’s urban economies. As Africa’s urban centres struggle…

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Clean energy, Funding

Why Funding B5 Plus Is Key to Ghana’s Green Industrial Drive

Posted on October 15, 2025 By Africa Digest News No Comments on Why Funding B5 Plus Is Key to Ghana’s Green Industrial Drive
Why Funding B5 Plus Is Key to Ghana’s Green Industrial Drive

Development finance is often measured in numbers, but Norfund’s $15 million loan to Ghana’s B5 Plus could have an impact far beyond its balance sheet. It’s a strategic bet on green steel, circular manufacturing, and a lower-carbon future for West Africa’s booming construction and infrastructure markets. The Steel Sector’s Carbon Challenge and Ghana’s Opportunity Steel…

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Funding

What Investors See in Rana Energy’s $3M Virtual Solar Network Play

Posted on October 15, 2025 By Africa Digest News No Comments on What Investors See in Rana Energy’s $3M Virtual Solar Network Play
What Investors See in Rana Energy’s $3M Virtual Solar Network Play

It’s one thing to attract seed funding it’s another to win investor confidence in a capital-intensive sector. Rana Energy has done both, raising $3 million in hybrid funding from Techstars, EchoVC Eco, and green debt partners to prove that Africa’s clean energy story can be both scalable and investable. The Funding Blueprint: Equity Meets Green…

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Funding

How Tagaddod’s Funding Powers Africa’s Role in Sustainable Aviation Fuel

Posted on October 7, 2025 By Africa Digest News No Comments on How Tagaddod’s Funding Powers Africa’s Role in Sustainable Aviation Fuel
How Tagaddod’s Funding Powers Africa’s Role in Sustainable Aviation Fuel

In a world chasing net-zero goals, the clean energy obstacle is shifting from innovation to implementation. Tagaddod, one of Egypt’s fastest-growing cleantech firms, just raised $26.3 million to scale sustainable fuel production, a crucial step toward greener transport across Africa and beyond. This isn’t just another startup cash infusion; it’s a vote of confidence in…

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Funding

Mirova’s $10M Bet on ARC Ride: Electrifying Africa’s Urban Mobility and Gig Economy

Posted on September 23, 2025September 23, 2025 By Africa Digest News No Comments on Mirova’s $10M Bet on ARC Ride: Electrifying Africa’s Urban Mobility and Gig Economy
Mirova’s $10M Bet on ARC Ride: Electrifying Africa’s Urban Mobility and Gig Economy

Global climate finance is charging into Africa’s transport future, with Mirova’s $10 million commitment to ARC Ride positioning Kenya as a frontrunner in the electric mobility revolution in Africa. As fuel prices soar and climate pressures mount, this deal reflects the shift toward low-carbon solutions, potentially slashing emissions while empowering gig economy workers. Who is…

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Funding

What IFC’s $100M Anchor in DenizBank’s Green Bond Means for Türkiye

Posted on September 22, 2025 By Africa Digest News No Comments on What IFC’s $100M Anchor in DenizBank’s Green Bond Means for Türkiye
What IFC’s $100M Anchor in DenizBank’s Green Bond Means for Türkiye

IFC has anchored a $100 million stake in DenizBank’s $270 million green bond, marking a landmark moment for sustainable finance in emerging markets. This five-year bond issuance highlights the growing momentum behind green investments in Türkiye, aligning seamlessly with the country’s ambitious 2053 net zero emissions target. As global climate pressures mount, such initiatives are…

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Funding

How DBSA and Zero Carbon Charge Are Building SA’s First Off-Grid EV Highway

Posted on September 19, 2025September 19, 2025 By Africa Digest News No Comments on How DBSA and Zero Carbon Charge Are Building SA’s First Off-Grid EV Highway
How DBSA and Zero Carbon Charge Are Building SA’s First Off-Grid EV Highway

With an R100 million injection from DBSA, Zero Carbon Charge is set to launch South Africa’s first countrywide network of off-grid, solar EV chargers, marking a watershed moment for sustainable transport in Africa. This deal follows initial approval in April 2025 and rigorous due diligence, marking a key step toward climate-resilient infrastructure. As of September…

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Funding

The Future of Green Bonds in Kenya

Posted on September 15, 2025 By Africa Digest News No Comments on The Future of Green Bonds in Kenya
The Future of Green Bonds in Kenya

In an era where climate change demands urgent action, green bonds have emerged as a powerful tool for financing sustainable projects. These fixed-income instruments channel investor funds exclusively toward environmentally friendly initiatives, such as renewable energy, energy-efficient infrastructure, and sustainable agriculture. For Kenya, a nation at the forefront of Africa’s green transition, green bonds represent…

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Funding

How KawiSafi Fund II Will Back Renewable Energy and Agri-Tech

Posted on September 11, 2025 By Africa Digest News No Comments on How KawiSafi Fund II Will Back Renewable Energy and Agri-Tech
How KawiSafi Fund II Will Back Renewable Energy and Agri-Tech

With sub-Saharan Africa among the regions most vulnerable to climate shocks, Acumen’s $90M KawiSafi Fund II is stepping in to accelerate the continent’s transition to sustainable energy and climate-smart innovation. Key Investors and Funding Breakdown The fund has attracted commitments from prominent climate financiers, indicating growing confidence in Africa’s potential for green innovation. Of the…

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Funding

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