Category: New Investments

The International Finance Corporation (IFC) has announced plans to invest up to $20 million in the Lightrock Africa Fund II (LRAF II), a new private equity vehicle focused on backing high-growth companies across Africa.

EIB Global has committed €40 million to a Speedinvest-managed fund that will invest in African technology startups across key and emerging markets.

French development finance institution Proparco has pledged $15 million to the African Transition Acceleration Fund (ATAF), a pan-African investment vehicle designed to support climate-related infrastructure projects at the earliest stages of development.

Impact investment firm Mirova has committed a $15 million senior secured loan to iSAT Africa Mauritius Limited to support the rollout of solar-powered telecommunications towers in Liberia and Zambia.

FSD Africa Investments (FSDAi) and Allied Climate Partners (ACP) have jointly committed $50 million to support the first close of the African Transition Acceleration Fund (ATAF), a new investment vehicle aimed at advancing Africa’s energy transition.

Mediterrania Capital Partners has reached the first closing of its second real estate investment vehicle dedicated to Morocco, raising commitments of 380 million Moroccan dirhams (about $40.5 million).

Persistent has launched a new investment vehicle aimed at supporting climate-focused startups across Africa, marking another effort to expand funding for early-stage companies tackling the continent’s environmental and energy challenges.

South African startup Yazi has secured its first institutional investment round, marking a new milestone for the AI-driven research platform that operates entirely through WhatsApp.

Electric mobility and distributed energy company Zeno has secured $25 million in new funding to accelerate the expansion of its electric vehicle and charging infrastructure across East Africa.