Category: New Investments

The Climate Investment Fund, managed by Norfund, has announced a major investment in South Africa’s renewable energy sector.

The Nigeria Sovereign Investment Authority (NSIA), together with Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA), and Africa50, has launched a new initiative to boost access to clean energy in Nigeria.

The International Finance Corporation (IFC) has given a $30 million loan to Kazyon, a major Egyptian retail company, to support its growth in Morocco.

Equator, an African venture capital firm, has raised $55 million for its first fund aimed at supporting early-stage climate tech startups across the continent.

Tech giant Microsoft has unveiled plans to invest approximately USD 285 million (ZAR 5.4 billion) by the end of 2027 to enhance its hyperscale cloud and artificial intelligence (AI) infrastructure in South Africa.

Pretoria-based electric vehicle (EV) startup Everlectric has secured venture debt funding from FNB South Africa’s Vumela Fund, managed by Edge Growth.

The Emerging Africa & Asia Infrastructure Fund (EAAIF), under the management of Ninety One, has committed $45 million in funding to CrossBoundary Energy.

Sahel Capital has provided a $400,000 working capital loan to MM LEKKER through its Social Enterprise Fund for Agriculture in Africa (SEFAA), aiming to strengthen agricultural trade and smallholder farmer support in Benin.

South African agri-tech company Khula has successfully raised $6.8 million in its ongoing Series A funding round, with backing from notable investors including Absa Bank and PepsiCo.