Author: Fred Kennedy
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Afreximbank Signs $500 Million Credit Facility With ATDC to Expand African Trade
African Export-Import Bank (Afreximbank) and the Africa Trading and Distribution Company (ATDC) have signed a $500 million global credit facility to finance the purchase, movement and distribution of African goods across regional and international markets.
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NSIA, Africa50 and Sustainable Energy for All Launch $300 Million Nigeria Renewable Energy Fund
The Nigeria Sovereign Investment Authority (NSIA), Africa50 and Sustainable Energy for All have announced the commercial launch of the $300 million Nigeria Distributed Renewable Energy Fund.
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Biochar Industrial Group Raises $1.5 Million to Scale Carbon Removal at African Food Factories
Biochar Industrial Group (BIG), a Nigeria-based climate technology company, has raised $1.5 million in pre-seed funding to expand its biochar production model across sub-Saharan Africa.
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Afreximbank Extends $10 Million Facility to Azania Bank to Finance Tanzania’s Export SMEs
The African Export-Import Bank has extended a $10 million financing facility to Azania Bank Plc to improve access to capital for small and medium-sized enterprises operating across Tanzania’s export value chains.
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World Bank Group Mobilizes Record $22 Billion in Private Capital for Africa
The World Bank Group mobilized approximately $22 billion in private capital for Africa during its 2026 financial year, nearly 150% more than the $9 billion recorded four years earlier.
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All On Invests $5 Million in PowerGen to Expand Renewable Mini-Grids in Nigeria
All On Partnerships for Energy Access has invested $5 million in PowerGen Renewable Energy Nigeria Limited to expand renewable electricity infrastructure for underserved households, businesses, and industrial customers across Nigeria.
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African Development Bank Approves Up to $5.1 Billion Response to Energy and Fertilizer Crisis
The African Development Bank Group has approved a one-year financing framework of up to $5.1 billion to help African countries manage rising energy and fertilizer costs, protect critical imports, and reduce their exposure to future supply shocks.
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Airnergize Capital Closes $239 Million Fund for African Energy, Water and Gas Infrastructure
Airnergize Capital, the clean technology investment platform within New GX Capital, has closed its first fund at approximately $239 million to finance energy, water and gas infrastructure businesses across Southern Africa and other African markets.
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Madica Backs Five African Startups With Up to $1 Million, Enters Algeria and Cameroon
Madica has committed up to $1 million to five African startups, expanding the pre-seed investment program into Algeria and Cameroon for the first time.