Author: Fred Kennedy
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Norfund and FEI Provide $90 Million Debt Facility to Expand Telecom Energy Infrastructure in Africa
Norfund and the Facility for Energy Inclusion (FEI), a debt fund managed by Cygnum Capital, have completed a $90 million long-term financing package for CREI, the telecom energy services and asset management subsidiary of two33 Group.
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Launch Africa Returns $2.5 Million to Investors After 11 Startup Exits Across Africa
Pan-African venture capital firm Launch Africa Ventures has made its first cash distribution to investors in its Launch Africa Seed Fund I, returning approximately $2.5 million, equivalent to about 7% of paid-in capital.
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FMO to Back Solarcentury Africa with $80 Million for Southern Africa Solar Expansion
The Dutch Entrepreneurial Development Bank (FMO) is preparing to provide up to $80 million in financing to Solarcentury Africa Limited to expand solar energy projects across Zambia, Namibia, and Botswana, in a move expected to strengthen electricity supply and accelerate the region’s clean energy transition.
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African Startups Secure $135 Million in May as Debt Financing Gains Ground
Africa’s startup ecosystem recorded a modest recovery in May 2026, with 37 companies raising a combined $135 million through equity, debt, and grant financing.
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Flutterwave Reaches $3.25 Billion Valuation After New Investment From Ripple
African payments company Flutterwave has secured fresh funding from Ripple, the U.S.-based blockchain payments firm, in a deal that values the fintech giant at $3.25 billion.
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EBRD Discloses Proposed €40 Million Investment in Amethis MENA Fund III Targeting North African SMEs
The European Bank for Reconstruction and Development (EBRD) is considering an investment of up to €40 million in Amethis MENA Fund III, a new private equity vehicle focused on supporting the growth of small and medium-sized businesses across North Africa and parts of the Middle East.
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British International Investment Unveils New Egypt Strategy as Commitments Near $1.3 Billion
British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has launched a new investment strategy for Egypt, reaffirming its long-term commitment to one of its largest markets in Africa, following nearly $1.3 billion in investments in the country since 2012.
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Africa Finance Corporation Secures Record $2 Billion Loan to Accelerate Infrastructure and Industrial Growth Across Africa
Africa Finance Corporation (AFC) has secured its largest syndicated loan facility to date, raising $2 billion from a consortium of international lenders in a strong vote of confidence for the institution’s infrastructure-led development strategy across the continent.
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Proparco Backs EmergingTech Ventures Fund II to Expand Early-Stage Startup Financing Across Francophone Africa
French development finance institution Proparco has committed capital through its FISEA fund to EmergingTech Ventures Fund II, strengthening efforts to finance early-stage technology startups in Morocco, Tunisia, Senegal, and Côte d’Ivoire.