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African EV Platform Spiro Raises Another $55 Million
African electric mobility firm Spiro has raised another US$55 million from Chinese early-stage investor NewTrails Capital, three weeks after raising $215 million.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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D.light Takes PAYGo Solar From Impact Funds to the London Stock Exchange
The listing brings d.light’s cumulative PAYGo receivables purchasing capacity to $1 billion — a milestone that few in the off-grid energy sector thought achievable when the company pioneered the first-ever PAYGo securitisation back in 2020.
- Categories
- Energy, Investing, Technology
- Region
- Sub-Saharan Africa
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IFC Backs CrossBoundary Access with US $10 Million Equity Investment
This investment supports the continued construction and expansion of CrossBoundary Access’s portfolio of distributed renewable energy assets, including mini-grids, battery-as-a-service (BaaS), and adjacent technologies in Sub-Saharan Africa.
- Categories
- Energy, Investing, Technology
- Region
- Sub-Saharan Africa
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Zafiri Announces USD $176 Million Commercial Launch to Accelerate Energy Access via the Private Sector Cross sub-Saharan Africa
Zafiri will deploy patient equity into distributed renewable energy (DRE) companies and projects across Sub-Saharan Africa, including mini-grids, solar home systems, productive-use energy solutions, and clean cooking enterprises. At least 50% of the platform’s capital is expected to support mini-grids, solar home systems, and clean cooking.
- Region
- Sub-Saharan Africa
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Report: Africa’s Green Transition to Create Up to 84 Million Jobs by 2050 but It Risks Embedding Inequality Without Urgent Action
Africa’s green transition could generate up to 84.5 million jobs by 2050 but without concerted policy action the benefits risk entrenching inequality rather than reducing it.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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UK Announces Extension of the Ayrton Fund and Transforming Energy Access Platform
The Ayrton Fund builds on innovative UK-international partnerships in more than 100 countries, which have already improved the lives of 46 million people across Africa, Asia and the Indo-Pacific, mobilised £3 billion in investment, and enabled more than a quarter of a million green jobs in the UK and abroad.
- Categories
- Energy, Environment
- Region
- Global
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Shell Foundation, the FCDO and Kinetic Green Announce Partnership to Pilot Electric Two and Three Wheelers for African Markets
The partnership is supported by catalytic capital provided by Shell Foundation and the FCDO through its RIDE programme and the Transforming Energy Access (TEA) platform. This
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Understanding Africa’s Broken Climate Finance System: How the Missing Layers in the Capital Stack are Holding the Market Back
Africa needs roughly $277 billion a year in climate finance to meet its 2030 climate goals. Yet as Gagandeep Bakshi at the William Davidson Institute and Santosh Singh at Intellecap explain, with annual flows of $44-50 billion, the gap is considerable — and investors are pulling back just as the need for this funding is growing. Making matters worse, they argue that the problem is not just in the numbers, since beneath these totals, there is a thin layer of capital piling into a handful of companies and countries, while missing layers in the capital stack prevent the emergence of a more balanced market. They explore how this issue is holding investors and entrepreneurs back, and propose a more effective approach.
- Categories
- Energy, Environment, Investing
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