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Nearly 40% of African Startup Funding Now Comes From Local Investors
The rise of local fund managers can be traced to support from development finance institutions such as the International Finance Corporation (IFC) through its Catalyst program, as well as British International Investment, Proparco, and AfricaGrow, which backed African VCs as global investors retreated from the continent.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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African Development Bank Approves $16.5 Million Loan to Boost Kenya’s Clean Energy Transition
Beyond expanding generation capacity, the project will deliver affordable, sustainable baseload power to Kenya’s national grid at one of the lowest tariffs in the country, helping to drive down overall electricity costs.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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AllianzGI Launches $1 Billion Emerging Markets Climate Finance Fund
The fund will focus on emerging markets globally including Africa, Latin America and the Caribbean, as well as Asia Pacific.
- Categories
- Investing
- Region
- Global
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Alta Semper Secures USD $57.5 Million from EIB Group and IFC for Growth Fund II to Expand Healthcare Access Across Africa
Alta Semper Growth Fund II focuses on scaling market-leading healthcare and consumer businesses that improve access to affordable, high-quality products and services across Africa and other select growth markets.
- Categories
- Finance, Health Care
- Region
- Sub-Saharan Africa
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DEG Provides EUR 30 Million Funding to Africa Go Green Fund to Scale Energy Efficiency and Climate-Friendly Solutions Across Africa
AGG targets the scale-up of commercially viable climate solutions that reduce emissions and improve energy efficiency.
- Region
- Sub-Saharan Africa
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IFC Study Shows Emerging Market Infrastructure Returns Beat S&P 500
Standard Bank boss Sim Tshabalala has led the chorus calling for relaxed regulations in financing infrastructure.
- Categories
- Finance, Investing, Technology
- Region
- Global
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African Development Bank Secures $11 Billion in Historic Fund
The African Development Bank’s concessional financing arm mobilised a record $11 billion from 43 Partners in its 17th (ADF-17), an amount the multilateral lender said signals confidence in the continent’s development prospects.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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African Development Bank Backs Hyphen with $10 Million Green Hydrogen Project in Namibia
The Sustainable Energy Fund for Africa (SEFA) will provide the loan to support front-end engineering design studies for solar and wind generation, battery energy storage systems, electrolyser capacity and desalination infrastructure.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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