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“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.

Mediterrania Capital Partners, a private equity firm focused on growth investments in Africa, has officially announced the final close of its latest fund, Mediterrania Capital IV Mid Cap (MC IV), with total commitments reaching €600 million.

Morocco-based shared mobility startup Enakl has successfully secured $2.3 million in seed funding to accelerate the rollout of its collective transport services and unveil a new software product for transit operators and planners.

The International Finance Corporation (IFC) has revealed plans to take an equity stake of up to $25 million in the African Transition Acceleration Fund (ATAF), a new vehicle set up to speed up clean-energy and low-carbon transport ventures across the continent.