Sustainability
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Zola Electric raises US$90mn funding to accelerate its drive to distribute renewable energy in sub-Saharan Africa
Renewable energy provider, Zola Electric, has secured US$90mn funding to enter new markets and drive distributed renewable energy in sub-Saharan…
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Bank of Africa of Moroccan BMCE Group secures US$29.3mn funding from EBRD
Bank of Africa of Moroccan BMCE Group has secured a €25 million (US$29.30m) funding provided by the European Bank for…
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Amped Innovation raises US$6mn working capital facility from EDFI ElectriFI
EDFI ElectriFI, an impact investment facility fund, will pour US$6mn revolving working capital facility to Amped Innovation, a company designing…
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Malawi Solar Energy Startup, Yellow, Lands US$4mn Debt Financing
Yellow, a fast-growing off-grid solar provider in Malawi, has just secured a $4mn facility from SunFunder to reach out to…
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Vodacom invests US$563k in solar as part of its carbon management strategy
Vodacom South Africa has invested over R8 million (US$563,234) in three new solar-powered sites as part of the telco’s energy…
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Kenya’s energy company, Solarise Africa, receives $5.9mn debt financing from Trine
Solarise Africa, a Kenya-based energy company that provides solar energy to commercial and industrial customers, has just secured $5.9mn debt…
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Gridworks and New GX invest US$40m in Sustainable Power Solutions
Gridworks, the UK’s developer and investor in African electricity networks, and New GX, the South African investment firm, have today…
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Globeleq secures US$362mn renewables debt refinancing in South Africa
Globeleq, an independent power producer (IPP), has announced that it has completed the senior debt refinancing of three of its…
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Solar distributor MyJouleBox raises US$3.54mn in a Series A round
MyJouleBox, a solar distributor & operator, has completed a €3mn (US$3.54mn) Series A round aimed at strengthening its positions as…
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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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