Tag: Startup News

Oikocredit has joined forces with the Global Climate Partnership Fund (GCPF) to extend a $10 million debt facility to Sawa Energy, a fast-growing provider of solar and battery systems for businesses in East Africa.

The African Development Bank (AfDB) has committed $15 million to a private equity fund managed by SPE Capital, in a move aimed at expanding financing for growing businesses across the continent.

Savannah Impact Advisory has announced the first close of its Ci Gaba Fund of Funds, securing GHS 383 million (approximately $35 million) in commitments.

Novastar Ventures has secured $147 million for its third investment vehicle, marking a significant step in financing African startups focused on climate and inclusive growth.

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.

Moroccan electric mobility startup GoSwap has secured its first external investment, raising funds from the Azur Innovation Fund as it looks to scale its battery-swapping infrastructure and expand the use of electric two-wheelers across the country.

German development finance institution DEG has committed €15 million to the Adenia Entrepreneurial Fund I (AEF I), a pan-African private equity vehicle managed by Adenia Partners.

The Private Infrastructure Development Group (PIDG) has announced a €4.3 million investment in Afreenergy Solar to support the expansion of clean energy solutions for businesses in Senegal.

The International Finance Corporation (IFC) has committed $45 million to support the expansion of clean energy solutions for telecom infrastructure in Ethiopia, Liberia, and Sierra Leone.