Category: Funding

Sahel Capital has closed a $650,000 loan facility to Noma Services Consolidated Limited. This Sahel Capital Nigeria agribusiness loan comes through the firm’s Social Enterprise Fund for Agriculture in Africa, known as SEFAA. The facility breaks down into two parts. There is $400,000 for working capital and $250,000 for capital expenditure. Noma is a Nigeria-based…

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A structured capital facility targeting distributed hydropower generation and grid distribution infrastructure has been agreed in principle, with Convergence Partners Energy Finance signing indicative terms for a proposed $20 million investment into Anzana Electric Group at a moment when the African energy financing market is actively searching for the bridge instruments that move developers from…

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Africa’s largest solar mini-grid operator has secured $31 million in new funding to expand into two of the continent’s most energy-constrained and consequential markets, with the International Finance Corporation joining WeLight’s founding shareholders in backing a decentralised solar model that already serves more than 800,000 people across Madagascar and Mali. The WeLight $31 million solar…

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The Private Infrastructure Development Group has announced a strategic partnership with Global Infrastructure Partners, part of BlackRock, to mobilise approximately $750 million in private institutional investment into climate-resilient infrastructure across emerging markets and developing economies, with Africa as the primary focus. The vehicle at the centre of the partnership is the GIP Infrastructure Resilience Development…

Read More “PIDG and BlackRock’s GIP Launch $750 Million Blended Finance Fund to Channel Private Capital into Climate-Resilient Infrastructure Across Africa” »

Holocene, a specialised climate tech investment fund focused on Southern Africa, has announced the final close of Holocene Ventures Fund I (HVF1), completing a fundraise that has already deployed capital into 10 companies across electric mobility, circular economy infrastructure, and sustainability solutions in just 18 months. The close signals growing investor conviction that Africa’s demographic…

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Creslow Energy Solutions has secured funding from the Abadali Fund, managed by Edge Growth Ventures, as the company accelerates its push to embed South African lithium battery technology into global industrial supply chains. The Abadali Fund Edge Growth investment comes through the Abadali Equity Equivalent Investment Programme, a Department of Trade, Industry and Competition initiative…

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The Africa Finance Corporation has approved the AFC $600 million Dangote fertiliser expansion facility for Greenview Fertiliser Corp., the fertiliser holding company of the Dangote Group that will triple Nigeria’s urea fertiliser production capacity and establish a new manufacturing plant in Ethiopia. The funding forms part of a broader $7 billion programme that ranks among…

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Kenya is in the middle of a green finance revolution, and the numbers are significant. The government has set a target to raise KES 100 billion through green and climate bonds by 2027. KCB Bank recently secured KES 12.5 billion from the Green Climate Fund. Safaricom’s green bond issuance was oversubscribed, attracting KES 41.4 billion…

Read More “Green Finance in Kenya: Loans, Bonds & Funds for Climate-Friendly Projects” »