Jacqueline Novogratz’s impact investing group closed an almost $70 million fund to back companies delivering affordable and renewable energy to…
AfricInvest, Cathay Capital launch $169m African venture fund
AfricInvest is one of the leading private equity and VC firms in Africa, with US$1.5 billion of assets under management…
AfDB approves €12.5 million investment in Adiwale Fund 1 targeting Francophone West Africa
The Board of the African Development Bank has approved a €12.5 million equity investment in Adiwale Fund 1, a first-generation…
Daystar Power raises US$10million for West Africa expansion
The African solar energy company, Daystar Power has closed a $10 million USD investment with Verod Capital Management and Persistent…
France opens €2.5bn funding window for African start-ups
Up to 10,000 African start-ups and small businesses stand to receive financial and technical support to the tune of Sh282.5…
African countries report progress in the fight against tax evasion and illicit financial flows
The 6th Meeting of the Global Forum’s Africa Initiative held in Kigali, Rwanda on 28 February and 1 March 2019,…
OPIC invests $85million in Solar Energy Transformation Fund targeting Africa and India
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided initial financing to SunFunder’s $85 million…
CrossBoundary Energy Access launches new investment vehicle for mini-grids in Africa
On January 24, CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, announced its launch, with funding commitments…
ECOWAS, AfDB sign agreement for $22.7 million Abidjan-Lagos highway corridor
The Commission of the Economic Community of West African States (ECOWAS) and the African Development Bank (AfDB) have signed the…
Partech announces the final closing of its Africa fund at €125 M
Partech announces the final closing of its Partech Africa fund at €125 M ($143 M) above its hard cap and…
