AfDB to commit $10M to KawiSafi Fund II to support Africa's climate startups
The African Development Bank Group (AfDB) will commit $10 million to the KawiSafi II Fund. The investment will come from the Sustainable Energy Fund for Africa (SEFA).
d.light Secures $176 Million to Expand Affordable Off-Grid Solar in East Africa
d.light announces closure of new securitisation facility Facility will acquire receivables amounting to USD$176 million from Kenya, Tanzania, and Uganda
African Startup Investment Inches Towards $1 Billion as Egypt, South Africa, and Kenya Clutch New Deals
Over $970,612,550 have been invested in African Startups in 2024. Egypt’s Dopay, South Africa’s TurnStay, and Kenya’s d.light have announced new investments totaling $189.8M
d.light gets $3.4 million to provide solar home systems to refugees in Uganda
d.light will provide 10,000 subsidised solar home systems to refugees in Northern and Western Uganda. The initiative is funded by a $3 million grant from the Private Sector Foundation Uganda and the Energising Development international programme.
Productive solar technologies draw investors as global off-grid solar sector funding slumps
PURE technologies raised $65 million in 2023, double the previous year. Figorr, a cold chain startup, raised funding for storage and transportation of temperature-sensitive products.
