Category: Funding

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” »

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” »