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Category: Funding

How the 2nd Africa Climate Summit (ACS2) Could Reshape Global Climate Finance

Posted on September 8, 2025 By Africa Digest News No Comments on How the 2nd Africa Climate Summit (ACS2) Could Reshape Global Climate Finance
How the 2nd Africa Climate Summit (ACS2) Could Reshape Global Climate Finance

In the heart of Addis Ababa, Ethiopia, the 2nd Africa Climate Summit (ACS2) kicked off on September 8, 2025, drawing over 45 heads of state, UN officials, and thousands of delegates to tackle one of the most pressing issues of our time: climate finance. As the continent faces escalating climate impacts, costing 2–5% of GDP…

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Funding

What Koolboks’ $11M Raise Means for Food Security and Healthcare

Posted on September 5, 2025 By Africa Digest News No Comments on What Koolboks’ $11M Raise Means for Food Security and Healthcare
What Koolboks’ $11M Raise Means for Food Security and Healthcare

Across Africa, food spoilage and limited cold storage threaten livelihoods, but a Nigerian-French cleantech startup is changing that. Koolboks has just raised $11M to scale its solar-powered refrigeration, offering reliable cooling where electricity is scarce. Founded in Nigeria and operating with a base in France, Koolboks is geared to expand its eco-friendly cooling solutions, empowering…

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Power and Energy conservation, Funding

Why Africa’s Energy Poor Could Benefit Most From MOPO’s £5M Backing

Posted on September 4, 2025September 11, 2025 By Africa Digest News No Comments on Why Africa’s Energy Poor Could Benefit Most From MOPO’s £5M Backing
Why Africa’s Energy Poor Could Benefit Most From MOPO’s £5M Backing

Norfund has thrown its weight behind MOPO’s vision for inclusive energy access, committing £5 million to help the UK-based tech company expand its sustainable solutions across underserved regions. This funding aims to accelerate the deployment of clean energy solutions across Africa, addressing the continent’s pressing energy access challenges. As clean energy adoption continues to gain…

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Clean energy, Funding

Where Babban Gona’s $7.5M Boost Will Have the Biggest Impact

Posted on September 4, 2025 By Africa Digest News No Comments on Where Babban Gona’s $7.5M Boost Will Have the Biggest Impact
Where Babban Gona’s $7.5M Boost Will Have the Biggest Impact

Smallholder farmers in Nigeria are set to benefit from fresh backing, as Babban Gona, an AI-driven agritech platform, secures $7.5 million in debt funding from British International Investment (BII). This investment aims to enhance food security, promote climate resilience, and support smallholder farmers in northern Nigeria, addressing critical challenges in one of Africa’s largest economies….

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Funding

Why Innovate47 Is Backing Regenerative Farming and Agri-Fintech in Africa

Posted on September 1, 2025 By Africa Digest News No Comments on Why Innovate47 Is Backing Regenerative Farming and Agri-Fintech in Africa
Why Innovate47 Is Backing Regenerative Farming and Agri-Fintech in Africa

Africa’s Agri-Tech startups are surging, attracting $640 million in funding in 2022 alone, as African agri-foodtech innovation tackles food security and climate challenges head-on. Innovate47, a global venture builder, is doubling down on this momentum with its newly launched Innovate47 Agri Accelerator, an eight-week virtual programme designed to empower startups to scale transformative solutions from…

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Funding

Agri-SMEs Take Centre Stage with SEFAA $10M Funding

Posted on August 22, 2025August 22, 2025 By Africa Digest News No Comments on Agri-SMEs Take Centre Stage with SEFAA $10M Funding
Agri-SMEs Take Centre Stage with SEFAA $10M Funding

Africa’s agricultural sector is at a turning point, and the Social Enterprise Fund for Agriculture in Africa (SEFAA) is leading the charge. Managed by Sahel Capital, SEFAA has secured a $10 million investment from the Mastercard Foundation Africa Growth Fund, administered by Mennonite Economic Development Associates (MEDA) in Mauritius. This capital injection is set to…

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Funding

CrossBoundary Energy Lights Up Africa With $40M Boost

Posted on August 20, 2025 By Africa Digest News No Comments on CrossBoundary Energy Lights Up Africa With $40M Boost
CrossBoundary Energy Lights Up Africa With $40M Boost

CrossBoundary Energy (CBE), a leading developer of renewable energy solutions for commercial and industrial clients in Africa, has secured a $40 million equity-like investment from Impact Fund Denmark (IFDK). This strategic funding will accelerate the expansion of CBE’s clean energy projects across the continent, supporting sustainable development and economic growth. Here’s everything you need to…

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Funding

Africa50 Turns Climate Vision into Capital with AGIA First Close

Posted on August 15, 2025 By Africa Digest News No Comments on Africa50 Turns Climate Vision into Capital with AGIA First Close
Africa50 Turns Climate Vision into Capital with AGIA First Close

With an $118 million first close, Africa50’s AGIA-PD fund is set to catalyse green infrastructure development across the continent, signalling growing investor confidence in Africa’s sustainable future. This milestone marks a key moment in mobilising capital for climate-resilient infrastructure, setting the stage for transformative projects across the continent. Here’s how AGIA-PD is reshaping Africa’s path…

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Funding

Ampersand Attracts Global Green Investors to Back Africa’s EV Future

Posted on August 14, 2025 By Africa Digest News No Comments on Ampersand Attracts Global Green Investors to Back Africa’s EV Future
Ampersand Attracts Global Green Investors to Back Africa’s EV Future

Ampersand is charging ahead, backed by fresh funding to scale clean mobility across East Africa. The pioneering electric vehicle (EV) energy tech company has closed a significant investment round to accelerate the rollout of its electric motorcycle and battery swap network. With new backing from global investors and climate-focused funds, Ampersand is set to double…

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Clean energy, Funding

How €17M in New Funding Could Power Burkina Faso’s Solar Revolution

Posted on August 12, 2025 By Africa Digest News No Comments on How €17M in New Funding Could Power Burkina Faso’s Solar Revolution
How €17M in New Funding Could Power Burkina Faso’s Solar Revolution

As Africa accelerates its shift to clean energy, FMO is stepping up with an €11.2 million investment in Burkina Faso’s Dédougou Solaire project, advancing sustainable power in one of the continent’s most energy-challenged regions. This investment, drawn from FMO’s Building Prospects Fund, is set to transform the nation’s energy sector by funding an 18-megawatt peak…

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Clean energy, Funding

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