Africa’s climate tech sector needs winners to justify recent funding jump
DFIs have become the primary funding source for African VC firms, influencing the VC landscape. Climate tech funding in Africa reached $1.04 billion in 2023, marking a 9% increase from the previous year.
Kenyan e-bus startup BasiGo secures $5m debt facility to scale local production
BasiGo has secured a US$5 million debt facility from BII for the delivery of 100 locally-produced electric buses. BasiGo provides state-of-the-art electric buses along with charging and maintenance services for bus operators.
