Category: Funding

Africa holds enormous potential for climate friendly investment and growth. It has abundant sunlight, wind, and untapped agricultural resources. Yet investors often hesitate to commit large amounts of capital there. The reasons are rarely about opportunity itself. They usually involve perceived risk, currency volatility, and limited track records. Blended finance has emerged as a practical…

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Small Foundation has announced a new capital commitment to AgDevCo Ventures, a specialist investment vehicle set up to deliver long term, patient financing to high potential, early stage agribusinesses across East Africa. The announcement deepens a long standing partnership between the two organizations, since Small Foundation was one of AgDevCo’s original early stage backers and…

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Moove has closed a $250 million Series C funding round. This Moove Series C funding 2026 raise lifts the company’s valuation to $2.1 billion, officially confirming its long-anticipated unicorn status. The round was announced on August 5 and led by Abu Dhabi’s Mubadala Investment Company, with Woven Capital, Toyota’s growth fund, and Ion Pacific co-leading….

Read More “What Moove’s $2.1 Billion Valuation Reveals About Africa’s Most Ambitious Global Mobility Company” »

Lesotho has signed a binding agreement with US-based Convalt Energy worth $6.2 billion. The deal covers a 1,200-megawatt hydropower facility and an integrated AI data centre. It was formally signed on 4 June 2026 between Convalt Energy and Lesotho’s Ministry of Energy. The agreement is the largest foreign direct investment in Lesotho’s recorded history. The…

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Swedfund has committed $12 million to the Acumen Resilient Agriculture Fund II. This Swedfund ARAF II Africa agriculture investment makes the Swedish development finance institution one of several new backers joining the fund’s latest close. ARAF II reached a total of $90 million in fresh committed capital, anchored by a $12.5 million commitment from FMO,…

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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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