Sustainability
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South Africa’s Nedbank secures US$64.5mn to finance green projects
Financial services group Nedbank has secured R910mn (US$64.5mn) to finance green infrastructure projects in South Africa. The capital raise comes…
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Kenyan Solar Energy Bags Mwezi Raises $500k
The Build Fund investment vehicle has launched its first operation in Kenya’s sustainable energy industry, three years after its launch. Mwezi,…
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IFC, Rockefeller Foundation collaborates to Deploy US$150mn to Renewable Energy Solutions in Sub-Saharan Africa
The International Finance Corporation and The Rockefeller Foundation (RF) have announced a new partnership that aims to deploy US$150mn of…
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Kenyan Solar startup, Pawame, secures $2.45mn in grant and equity funding
Nairobi-based solar energy startup, Pawame, has landed $1.7mn in grant capital and an additional $750k in equity funding to finance…
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Proparco Backs Solar Lantern Maker d.light To Expand In Africa
French development finance institution Proparco said Tuesday it will pick up an equity stake in solar energy products company d.light…
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Kwekwe-based Carmaker Secures US$1 mil Deal With US Firm
Hende Moto, a Kwekwe, Zimbabwe -based carmaker, has secured a deal with US-firm Max Sound Corporation which will see the…
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Zonful Energy Receives Cash Grant From GSMA Innovation Fund
A local solar startup called Zonful Energy has received financial backing from the GSMA Innovation Fund for Mobile Internet Adoption and Digital Inclusion.…
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Solar home systems firm Baobab+ secures $4.7mn for regional expansion
Baobab+, a solar home systems social enterprise firm operating in West Africa and Madagascar, has secured $4.7mn in financing for…
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