Category: Funding

In a significant boost for East Africa’s clean energy transition, ElectriFI, the EU-funded Electrification Financing Initiative managed by EDFI Management Company, has injected €2.5 million (USD 2.88 million) in equity into Sawa Energy, a fast-scaling renewable energy company operating in Uganda and Rwanda. The investment, made through ElectriFI’s Uganda Country Window, will accelerate deployment of…

Read More “Why the EU-Funded ElectriFI Chose Sawa Energy to Lead Africa’s C&I Solar Charge” »

In a major vote of confidence for the country’s green transport ambitions, EDFI ElectriFI, the EU-backed Electrification Financing Initiative managed by EDFI Management Company, has announced a $1 million follow-on investment in GOGO Electric, Uganda’s leading e-mobility startup. The new capital, unveiled during the EU’s Green Diplomacy Week in late October 2025, raises ElectriFI’s total…

Read More “What EDFI ElectriFI’s $1M Reinvestment Means for GOGO Electric and Uganda’s EV Market” »

Zafiri, a pioneering decentralised renewable energy fund, has selected Inspired Evolution as investment manager for its $300 million launch, a move set to catalyse energy access and sustainable livelihoods for millions across Africa. Backed by global heavyweights like the African Development Bank (AfDB), International Finance Corporation (IFC), The Rockefeller Foundation, Trade and Development Bank Group…

Read More “Will Inspired Evolution Turn Zafiri’s $300M Fund Into Reality for 30 Million Africans?” »

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…

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

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…

Read More “Why Funding B5 Plus Is Key to Ghana’s Green Industrial Drive” »

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…

Read More “What Investors See in Rana Energy’s $3M Virtual Solar Network Play” »

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…

Read More “How Tagaddod’s Funding Powers Africa’s Role in Sustainable Aviation Fuel” »

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…

Read More “Mirova’s $10M Bet on ARC Ride: Electrifying Africa’s Urban Mobility and Gig Economy” »

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…

Read More “What IFC’s $100M Anchor in DenizBank’s Green Bond Means for Türkiye” »