Leading the conversation on Climate in Africa
The International Finance Corporation (IFC) has approved a proposed investment of up to US$120 million in Zafiri Investment Vehicle, a new permanent capital vehicle established in Mauritius. The initiative seeks to address the persistent energy access gap in Sub-Saharan Africa by providing long-term, patient capital for scalable clean energy solutions. Zafiri will focus on investing…
Acumen has announced an investment in Pullus Africa Solutions Limited, a Nigerian agribusiness dedicated to creating reliable and fair markets for smallholder poultry farmers. The investment will support the expansion of Pullus’ aggregation network and cold-chain infrastructure, enabling farmers to sell chickens consistently throughout the year at stable, fair prices rather than being limited to…
Read More “Acumen Backs Scalable Market-Driven Poultry Platform” »
The International Finance Corporation (IFC) has announced plans to invest up to US$40 million in equity in the Facility for Energy Inclusion (FEI), a pan-African structured debt fund managed by Cygnum Capital. The investment, expected to close in the coming months, will support the expansion of decentralised renewable energy solutions across the continent. FEI is…
Dodai has secured fresh backing from British International Investment (BII), as it accelerates the rollout of electric motorbikes and battery-swapping infrastructure in the capital, Addis Ababa. The UK’s development finance institution has committed $5 million in debt financing as part of Dodai’s broader $13 million Series A round, reinforcing investor confidence in clean, affordable transport…
Read More “Dodai Scales E-Motorbike and Battery Swapping Network with BII Backing” »
The Bayer Foundation and the United Nations Capital Development Fund (UNCDF) have officially moved from planning to action with the first investments from the Food Systems Innovation Finance Facility (FSIFF). This initiative targets “missing middle” agribusinesses in underserved markets that are often deemed too risky for commercial banks but have outgrown traditional grants. Strategic Inaugural…
Read More “Bayer Foundation and UNCDF Move to Fill Food Systems Funding Gap” »
Mulilo, a leading South African renewable energy developer backed by Copenhagen Infrastructure Partners (CIP) and Norfund, has officially reached financial close on the Beaufort West Solar PV facility. This milestone represents one of South Africa’s largest utility-scale solar projects to date and a major win for the Western Cape’s energy infrastructure. Project Breakdown: Scale and…
Read More “Copenhagen Infrastructure Partners-Backed Mulilo Reaches Financial Close” »
Mulilo has achieved financial close on the Middlepunt Solar PV project, a 337 MW (DC) / 240 MW (AC) utility-scale solar photovoltaic facility located near Welkom in South Africa’s Free State province. The milestone, reached in April 2026, marks a significant step in the country’s renewable energy expansion under Bid Window 7. Once fully operational,…
Read More “South Africa Advances Energy Transition with Middlepunt Solar Financial Close” »
Posted on April 15, 2026 by Africa Digest News Mirepa Investment Advisors has completed an investment in Uniik Foods through its SME private equity vehicle, Mirepa Capital SME Fund I. The transaction will support the company’s next phase of growth by modernising production infrastructure, expanding manufacturing capacity, and strengthening both domestic distribution and international export operations. Headquartered in…
Read More “Mirepa Targets Diaspora Demand with Investment in Ghanaian Food Producer” »
Posted on April 15, 2026 by Africa Digest News South African-founded artificial intelligence startup Refiant has secured US$5 million in seed funding, led by climate-focused investment firm VoLo Earth Ventures. The capital will accelerate the development and commercialisation of its proprietary model compression technology, which significantly reduces the energy and infrastructure required to run large-scale AI systems. The…
Read More “Energy-Efficient AI Gains Momentum as Refiant Secures Backing from VoLo Earth Ventures” »
Posted on April 15, 2026 by Africa Digest News PowerLabs, a Nigerian energy and climate technology startup, has successfully raised pre-seed funding in a round led by venture firm Breega, with participation from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures. The capital will be deployed to scale Pai, its core artificial intelligence-driven platform designed to help businesses…
Read More “PowerLabs Targets Nigeria’s Power Crisis with AI-Powered Energy Platform” »
