Leading the conversation on Climate in Africa
Mulilo has reached financial close on the Hartebeesfontein Battery Energy Storage System, a 77 MW / 308 MWh facility near Klerksdorp in the North West Province, marking the company’s fifth project to reach financial close in 2026. Awarded under Bid Window 2 of South Africa’s BESS IPP Procurement Programme, the project is part of a…
Read More “Mulilo Hits Financial Close on Fifth Renewable Energy Project in 2026” »
Africa’s electric mobility sector just received its most significant vote of confidence yet, and Spiro’s $215 million investment round is at the centre of it.The Spiro $215 million electric mobility investment in Africa in 2026 was backed by Impact Fund Denmark and Equitane, two investors whose participation carries distinct significance. Impact Fund Denmark brings Danish…
Read More “Spiro Strengthens Position in Africa’s EV Market With $215 Million Investment” »
When a ship needs dry docking in West Africa today, it travels 10 to 14 days to Walvis Bay in Namibia or Las Palmas in Spain. Every one of those journeys represents lost time, burnt fuel, elevated emissions, and foreign exchange leaving the region. Project Shiprite exists to end that inefficiency, and PIDG’s intervention is…
Read More “How PIDG Helped Close Funding for Ghana’s $137M Takoradi Floating Dock Project” »
Anzana Electric Group has closed a $20 million senior secured portfolio debt facility with British International Investment (BII), the UK’s development finance institution, and the implications stretch well beyond a single funding round. Filling the Gap That Big Finance Ignores One of the most persistent structural problems in African clean energy development is the financing…
Read More “How Anzana Secured $20M to Scale Run-of-River Hydropower Projects Across Africa” »
The African Local Currency Bond Fund has committed KES 624 million to the Kenya Mortgage Refinance Company following KMRC listing a KES 3.0 billion ($23.2 million) sustainability bond on the Nairobi Securities Exchange, marking Kenya’s first sustainability bond in the domestic capital markets. Arranged by NCBA Investment Bank Limited, the eight-year Kenyan shilling-denominated instrument features…
Read More “Why ALCB Fund Backed KMRC with KES 624 Million” »
Global climate finance for Africa has grown significantly over the past decade. Large-scale solar farms, national grid projects, and established clean energy businesses can now access institutional capital with relative ease. The problem sits one layer below: the early-stage, locally owned renewable energy and clean cooking companies that are too small for large funds and…
Read More “Can Hummingbird One Bridge Africa’s Early-Stage Climate Finance Gap?” »
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has proposed a follow-on investment of up to $23 million in the senior debt tranche of the Africa Go Green Fund (AGG) building on its initial $47 million commitment made in 2023. The fund, managed by Cygnum Capital (formerly Lion’s Head…
Read More “Why IFC Increased Its Commitment to Africa Go Green Fund” »
Climate Investor Three, through its affiliate SA-H2 Fund (managed by Climate Fund Managers in partnership with Invest International), has signed a development funding agreement with Green eFuels Producers (GeFP) to support the construction of South Africa’s first green methanol production facility in Gauteng. The project represents a rare convergence of waste management, renewable energy, and…
Read More “How SA-H2 Fund Is Backing South Africa’s First Green Methanol Facility” »
Ecobank Transnational Incorporated and Proparco have signed a major partnership to mobilise up to €300 million over the next three years to support agricultural value chains and women-led businesses across Africa. The Memorandum of Understanding was announced on 11 May 2026 at the Africa Forward Summit in Nairobi. This collaboration combines Ecobank’s extensive pan-African banking…
Read More “Will the Ecobank–Proparco Partnership Improve Access to Finance for Agricultural SMEs” »
Enko Capital has announced that its Impact Credit Strategy, which recently reached a first close of US$100 million, has made a strategic investment in Metalosul, an Angolan subsidiary of the Omatapalo Group. The financing will support the acquisition of photovoltaic panels for a 724 MW solar infrastructure project in Luanda, one of the largest renewable…
Read More “Enko Capital Supports Angola’s Energy Transition with Solar Infrastructure Investment” »
