The Trade and Development Fund (TDF), the concessional arm of Trade and Development Bank Group (TDB Group), and the World Bank Group (WBG) have signed… Read More »TDB and World Bank sign five new grant agreements under the ASCENT programme
Building on sustained growth across 11 African countries, Sun King aims to bring clean, reliable power to 200 million people by 2030. The plan will… Read More »Sun King announces target of 200m people by 2030
Sun King is establishing its first large-scale manufacturing operations in Africa, marking a major investment in local production and industrial growth. The company is establishing… Read More »Sun King opens first African manufacturing facility
First-of-its-kind tracking shows investment is rising but remains well below levels needed to close the access gap Insufficient capital is a key obstacle to expanding… Read More »New IEA report lays out pathway to finance universal electricity access in Africa
IFC, the AfDB, and founding partners today announced the appointment of Inspired Evolution as the investment manager for Zafiri, a new investment vehicle focused on… Read More »Inspired Evolution appointed as investment manager for Zafiri
The PayGo Lab founding team has made the strategic decision to shut down the PAYGo Lab. They will be starting a new chapter as the… Read More »PAYGo Lab becomes Micro Asset Finance Lab
The World Bank-backed Mwinda Fund, which could become Africa’s second-largest financial facility for off-grid power projects, expects to start disbursing money in the Democratic Republic of… Read More »Congo’s $500m Mwinda Off-Grid Fund to start disbursing
After over a decade of investment and expansion across Africa, M-KOPA has finally turned a profit. The Nairobi-based asset-financing startup reported a profit of KES… Read More »M-KOPA turns its first-ever profit
Acumen announced it has secured $246.5 million in approved and committed capital for its Hardest-to-Reach Initiative (H2R), a first-of-its-kind blended finance strategy to scale clean and inclusive… Read More »Acumen secures over $245m for Hardest-to-Reach initiative
HSFG member Acumen, the global impact investor building markets to solve poverty, has launched its second KawiSafi fund, focused on accelerating climate solutions in Africa.… Read More »KawiSafi announces $90m in approved capital to accelerate climate solutions across Africa