Leading the conversation on Climate in Africa
KCB Bank Kenya, KCB Foundation, Mastercard and Heifer International Kenya have launched the Farmer Visibility Project, a nine month pilot designed to bring digital payments and formal financial records to 30,000 smallholder dairy farmers across Kenya. The initiative was unveiled in Nairobi and marks one of the most ambitious KCB Mastercard dairy farmers Kenya collaborations…
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…
Read More “Small Foundation Backs AgDevCo Ventures to Boost Early-Stage African Agribusinesses” »
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….
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…
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,…
Read More “Swedfund Backs ARAF II with $12 Million Commitment” »
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…
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…
Read More “What EBRD’s US$100 Million KCB Facility Means for Kenya’s MSMEs and Green Economy” »
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…
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…
has reached financial close on a $300 million corporate loan facility. The funding supports construction of what will become Burkina Faso’s largest power plant. This AFC Burkina Faso power plant deal marks the Corporation’s very first investment in the country. AFC has already disbursed the initial $60 million tranche. The funds are going to Aksa…
Read More “How AFC’s $300 Million Financing Package Is Addressing Burkina Faso’s Energy Crisis” »
