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Beacon Power Services (BPS), an innovative energy technology company, has successfully secured funding through a Series A financing round.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

The Private Infrastructure Development Group (PIDG) and EDFI Management Company, through the Electrification Financing Initiative (ElectriFI), have committed €4 million to support the expansion of Emerging Cooking Solutions (Supamoto) in Zambia.

The African Development Bank Group has committed €7.5 million to the Breega Africa Seed I Fund, strengthening efforts to finance early-stage technology startups across the continent.

Nairobi-based Purple Elephant Ventures (PEV), a startup studio focused on tourism, has secured an extra $500,000 to boost its seed funding round to $5 million.