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SunCulture and Bridgin To Launch 15 Million USD Structure to Finance Climate-Smart Agriculture in Kenya
Through this partnership, Bridgin will finance portfolios of SunCulture’s farmer receivables, allowing the company to reach more customers while de-risking its balance sheet and reinvesting in scale.
- Categories
- Agriculture, Energy, Investing, Technology
- Region
- Sub-Saharan Africa
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Arc Ride Secures $10 Million in Funding to Expand Electric Motorcycle Battery-Swapping Network Across Kenya
The company’s Battery-as-a-Service (BaaS) model enables riders to swap a depleted battery for a fully charged one in minutes, reducing fuel costs and addressing the range anxiety often associated with electric vehicle adoption.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Analysis: How Fossil Fuel Dependency Keeps Nigerians in Darkness
Nigeria holds more than 200 trillion cubic feet of proven natural gas reserves — the largest in Africa and ninth globally. Yet millions still face daily blackouts.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Cambodia’s ATEC Raises $15.5 Million in Funding Round Co-Led by Lightrock and TRIREC
The rollout will focus on Bangladesh, Cambodia, Malawi, and Nepal, entrenching ATEC’s presence in Asia and Africa.
- Categories
- Energy, Investing, Technology
- Region
- South Asia
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Jacqueline Novogratz and Acumen Raise $300 Million For Off-Grid Solar In Africa
Backers include Green Climate Fund, IFC, Shinhan Bank, Nordic Development Fund and Soros Economic Development Fund.
- Categories
- Energy, Social Enterprise
- Region
- Sub-Saharan Africa
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Kenya’s eBee Lays off Employees Across All Departments in Major Restructuring
"The layoffs reflect broader challenges facing Kenya’s e-mobility sector, where riders are opting for cheaper electric motorbikes over eBee’s bicycles . . ."
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, failure, scale, startups
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KawiSafi Announces $90 Million in Approved Capital to Accelerate Climate Solutions Across Africa
With backing from the African Development Bank, the Green Climate Fund, the Schmidt Family Foundation, and the Quadrature Climate Foundation, Acumen’s second KawiSafi fund marks the next chapter for the climate-resilient growth platform developed by Acumen.
- Categories
- Energy, Environment, Investing
- Region
- Sub-Saharan Africa
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IFC Seeks $300 Million to Fund Electricity Mini-Grids in Africa
The International Finance Corp. is setting up an entity aimed at lowering the cost of mini grids in Africa, to accelerate plans to connect 300 million Africans to electricity by 2030.
- Categories
- Energy, Finance, Technology
- Region
- Sub-Saharan Africa