Despite the recent downturn in funding, climate-focused startups have continued to attract significant investment. In 2023,…
Category: Finance
CEI Africa Grants $5.6 Million to Boost Green Mini-Grids in Africa
The Clean Energy and Energy Inclusion for Africa (CEI Africa) has announced a significant boost to…
Italy and AfDB to Invest €400 Million in Africa’s Private Sector
The African Development Bank Group (AfDB) and Italy’s national promotional institution, Cassa Depositi e Prestiti (CDP),…
Mastercard Foundation Pledges $4.7 Billion for Education and Employment in Africa
With over 65% of the continent’s population under 30, youth unemployment poses a significant challenge that…
Standard Chartered Bank Expresses Interest in Financing Uganda’s Railway Project
The contract for the project was initially awarded to China Harbour and Engineering Company in 2015.…
Nigeria to Issue $500 Million Diaspora Bond Amid Economic Reforms
Nigeria is preparing to issue a diaspora bond valued at up to $500 million, according to…
Veolia and Norfund Join Forces to Support Green Industry in Africa
According to the UN, Africa should not follow the same path of industrialization as Europe. Its…
AFC and ARISE IIP Launch $100 Million Fund for African Industrial Enterprises
The launch of this $100 million fund by AFC and ARISE IIP is part of a…
Egypt’s MNT-Halan Secures $157.5 Million to Fuel Expansion
Following a series of funding rounds totaling $520 million over the past three years, the Egyptian…
Dopay Secures Additional $13.5 Million to Fuel Expansion in Egypt
Three years ago, the fintech company secured the first part of a Series A funding round…
Zimbabwe Secures $310 Million Investment to Boost Lithium Production
Zimbabwe holds the distinction of being Africa’s foremost producer of lithium. While other nations like Mali…
$176 Million Investment Boosts Off-Grid Solar Access in Three African Nations
d.light, a global provider of affordable household solar products and financing for low-income households, announced on…