Funding

AXIAN Energy has successfully secured a $30 million debt investment from the Emerging Africa Infrastructure Fund (EAIF). AXIAN Energy, formerly engaged in oil and gas distribution, envisions a robust shift towards renewable energy with the infusion of this substantial investment.

A year since its inception, CGEF proudly announces the selection of the first cohort of women-led organizations set to receive grants. These grants are strategically directed towards propelling gender-equitable climate action in Africa.

The HudsonAlpha AgTech Accelerator, powered by gener8tor, stands as a beacon for cutting-edge agriculture technology startups. This accelerator program is meticulously designed to connect startups with the essential pillars of success.

All On, a prominent impact investment firm in Nigeria, has taken a significant stride in advancing the country's solar revolution. The firm recently inked a pivotal investment agreement with Baobab Plus Nigeria, committing $2.25 million to a credit facility.

Kenyan digital credit provider MyCredit Limited has successfully secured $3 million in debt funding from the impact investing firm BlueOrchard. The infusion of funds serves as a pivotal moment for MyCredit as it charts a course to amplify its operations within the country.

Morocco has launched a revolutionary funding initiative. This ambitious program is set to inject crucial financial support into emerging enterprises, presenting a spectrum of financial instruments tailored to startups at various developmental phases.

T-Vencubator, a unique blend of a tech startups incubator and venture capital company, has officially launched its operations. This innovative initiative aims to redefine the support ecosystem for local startups by merging the concepts of venture capital funds and business incubators.

South African aerospace startup Cloudline has secured $6 million in funding. The seed round, backed by philanthropic venture Schmidt Futures signals a pivotal moment for the startup.