Category: New Investments

Enko Capital has made a new investment in Angola’s renewable energy sector through its Impact Credit Strategy, supporting a large-scale solar project being developed by Metalosul, a subsidiary of the Omatapalo Group.

Ethiopian electric mobility startup Dodai has secured $13 million in fresh funding to scale its electric motorbike operations and battery-swapping network, as the country pushes toward cleaner transport solutions.

The International Finance Corporation (IFC) is considering an equity investment of up to $40 million in the Facility for Energy Inclusion (FEI), a continent-wide debt fund focused on expanding access to renewable energy in Africa.

Swoop, a food delivery startup founded in Eswatini, has secured $7.3 million in seed funding as it prepares to enter Nigeria, marking its first expansion beyond its home market.

The African Development Bank Group has approved a $200 million loan to Nigeria to support a major national programme aimed at expanding broadband infrastructure, improving digital skills, and creating jobs.

Norfund, the Norwegian development finance institution, has invested R160 million (approximately $9.8 million) in South African firm Nafasi Water Technologies.

Proparco, the private sector arm of the French Development Agency, has invested $17.25 million in the Alterra Africa Accelerator Fund (AAA Fund).

Lua, a startup building software that allows businesses to work alongside artificial intelligence agents, has raised $5.8 million in a new funding round led by Norrsken22.

Acumen has announced a new investment in Omia Agribusiness Development Group, a Northern Uganda-based enterprise working with smallholder farmers, including those in refugee-hosting communities, to improve access to agricultural inputs, training, and markets.