Development Finance
Development Finance
Multilateral investments, concessional loans, public-private partnerships (PPPs), and catalytic capital deployed by international and regional development finance institutions across African markets.
Africa GreenCo Secures $21.5 Million to Accelerate Clean Energy Across Southern Africa
Africa GreenCo has closed an additional $21.5 million in total third-round financing, bolstered by commitments from the Private Infrastructure Development Group, Impact Fund Denmark, and Sanlam Alternative Investments.
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Proparco Commits $10 Million to Africa50’s AGIA-PD Fund to Accelerate Green Infrastructure
With early-stage structuring remaining the primary bottleneck for African infrastructure, Proparco’s anchor commitment targets the pre-investment gap to unlock a USD 400 million pipeline of bankable green assets.
Africa GreenCo Secures $21.5 Million to Accelerate Clean Energy Across Southern Africa
Africa GreenCo has closed an additional $21.5 million in total third-round financing, bolstered by commitments from the Private Infrastructure Development Group, Impact Fund Denmark, and Sanlam Alternative Investments.
Nairobi-Based EV and Battery-as-a-Service Pioneer ARC Ride Secures $33.3 Million in Combined Equity and Debt Financing
Kenyan electric mobility leader ARC Ride has closed a massive $33.3 million funding round backed by a consortium of top-tier venture capital firms and international development finance institutions to scale its pan-African operations.
Ugandan Dairy Processor Mujuni Ventures Secures Strategic Funding from Oxano Capital to Scale Production and Cold-Chain Infrastructure
Kampala-based Mujuni Ventures has closed a milestone investment from Netherlands-based Oxano Capital, unlocking capital to expand its processing footprint, upgrade supply chain logistics, and deepen smallholder sourcing across East Africa.
Capitalworks Secures $15 Million from Proparco for Fourth Flagship Fund to Back South African Mid-Market
South African private equity heavyweight Capitalworks has secured a $15 million commitment from Proparco to drive mid-market expansion, strengthen ESG standards, and catalyze employment across the region.
Bboxx and EnerTech Launch $100 Million Electrification Platform at COP28 to Expand Clean Energy Across Africa
Data-driven super-platform Bboxx and Kuwait’s EnerTech have partnered on a $100 million electrification initiative announced at COP28, designed to scale essential clean technology, smart financing, and e-mobility services across 11 African markets.