• Swedfund joins Novastar Ventures' third fund with a $10 million commitment to back green startups in Africa• The fund targets clean energy, sustainable agriculture, and circular economy businesses in Kenya and Nigeria• Novastar's growing portfolio includes ventures like BasiGo and energy-from-waste innovations Swedfund, Sweden’s development finance institution, has...

Africa Finance Corporation lends about $113 million to Mota-Engil Africa to carry out gold mining projects in Ivory Coast and Mali The funds will be used to buy equipment and expand operations, helping create jobs and bring in more foreign exchange The project builds on a long-standing partnership between AFC and the construction firm Africa Finance Corporation (AFC), a...

Salpha Energy secures 2 billion naira from All On to strengthen local solar production. The funding aims to boost industrial capacity and scale access in underserved areas. Over 2 million Nigerians have benefited from Salpha’s off-grid power solutions. Salpha Energy, a company focused on local assembly and distribution of solar units for off-grid areas, announced on May 21 it...

Tanzania plans to boost local palm oil production to cut down on imports that meet over half of its edible oil needs. The country seeks technical and training support from Indonesia, the world’s top palm oil producer.  A partnership agreement includes short- and long-term training for Tanzanian experts and farmers. Tanzania, which depends heavily on imported edible oil,...

Algeria Telecom begins public survey to locate underserved areas lacking fiber optic internet.  Neighborhood committees are asked to submit data to support 2026 network expansion plans. Initiative supports FTTH rollout and aims to bridge the national digital divide. Algeria Telecom has launched a digital survey to identify zones still lacking access to its fiber optic network....

The ARIA platform is now active in Guinea and Togo, with Proparco joining as a financial partner to support private sector growth. Since its 2021 launch, ARIA has helped mobilize over $50 million in investments across underserved African markets. Of the companies identified by ARIA, half aim to cut imports or boost exports, and 43% require technical support to secure investor...

SCAF is co-financing Konexa’s $80 million solar energy project in Nigeria, which includes a 50 MW power plant and infrastructure to serve two industrial sites. The investment aims to expand renewable electricity supply and strengthen Konexa’s clean energy trading platform. This early-stage support helps turn clean energy projects into viable investments and supports...

• Guinea-Bissau intensifies its digital transformation push, focusing on health services. • Partnership with Italy’s Antares Vision Group to digitize the pharmaceutical system. • Move aims to address healthcare gaps and improve access to care using ICT tools. Guinea-Bissau is ramping up efforts to modernize its healthcare system as part of a nationwide digital transformation strategy...

Quilemba Solar, a joint venture of TotalEnergies (51%), Sonangol (30%), and Maurel & Prom (19%), is building Angola’s largest private solar power plant. The plant, located in Huíla province, will start with 35 MWc capacity and could expand to 80 MWc, powering 40,000 households by early 2026. Angola aims to boost energy access through more private and solar investment, as solar...

• Madagascar signs $90M deal with Israeli firm LR Group to launch a smart agriculture project.• The plan covers 10,000 hectares across four regions and aims to help over 10,000 small farmers.• Technologies include solar irrigation, hybrid seeds, satellite tracking, and AI for crop planning. Madagascar announced a partnership with Israeli group LR Group Ltd on a $90 million smart...