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 five new grant agreements under… 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 deploy 50 million solar kits… 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 twin facilities in Kenya and… 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 electricity access for the roughly… 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 expanding access to electricity and… 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 Micro Asset Finance (MAF) Lab.… 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 Congo in the first quarter… 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 1.2 billion ($9.2 million) in… 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 energy solutions in sub-Saharan Africa’s… 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. The fund has $90 million… Read More »KawiSafi announces $90m in approved capital to accelerate climate solutions across Africa

Baobab+ will henceforth operate as Izili, reaffirming its role as a last mile distributor dedicated to extending affordable solar power and digital connectivity to underserved communities across Africa. This change… Read More »Baobab+ becomes Izili

A newly established multi-stakeholder alliance — the Agri-Energy Coalition — is officially launching at the 2025 Africa Food Systems Forum (AFSF) to address the critical challenges at the intersection of agriculture and… Read More »New coalition formed to power food systems with clean energy