Swedfund invests US$45m in two private credit funds to support sustainable economic growth

AFRICA – The Swedish development finance institution, Swedfund has invested US$45 million in two private credit funds to support sustainable economic growth and gender equality. Swedfund is investing in two leading Africa-based credit funds BluePeak Private Capital Fund (BluePeak) and Vantage Mezzanine Fund IV (Vantage), to increase the availability of long-term growth capital for mid-sized companies and support the upscalling…

Read More

Kenyan Government to pilot green hydrogen production, improving the country’s grid

KENYA – The Government of Kenya has announced, through the Energy Cabinet Secretary Monica Juma, plans to pilot green hydrogen projects. This is part of their efforts toward the provision of clean, affordable and sustainable energy. Juma, who spoke during the Kenya Power’s inaugural Manufacturers, Technology and Innovation Expo opening, said the move will assess the feasibility of large-scale green…

Read More

EU launches US$1.35bn Nigerian Green Energy Project for sustainable agriculture

NIGERIA – The European Union (EU) has launched a US$1.35 billion Nigerian Green Energy Project, under the Team Europe Initiative (TEI). The project is meant to stimulate a sustainable climate-smart agriculture and renewable energy and create jobs for economic growth as well as help Nigeria’s diversification efforts. The EU Ambassador to Nigeria and Economic Community of West African States (ECOWAS),…

Read More

Electric motorcycle company Ampersand partners Totalenergies to launch charging stations in Kenya

KENYA – TotalEnergies has partnered with Ampersand, a Rwandan-based company, to launch an electric motorcycle battery swapping and charging stations in Kenya. With nearly 400 bikes on the road and 35,000 swaps per month, Ampersand is pioneering the switch to electric motorbikes which they believe will save on fuel and maintenance while doubling the boda boda drivers’ income. Ampersand aims…

Read More

Veolia and HAC complete construction of a wastewater treatment plant in Dakahl

EGYPT – Hassan Allam Construction (HAC), a subsidiary of Hassan Allam Holding, in partnership with French company Veolia has completed work on the Senbellawein wastewater treatment plant in the Dakahlia governorate of Egypt. The contract was won in 2018  for the engineering, procurement, and construction (EPC) of a plant capable of handling 33,000 m3 of effluent per day. The plant…

Read More

World Bank approves US$350M loan to support Morocco’s Blue Economy program

MOROCCO – The World Bank has approved a US$350 million loan to support the Government of Morocco in the launching of its Blue Economy program. The program aims to improve job creation and economic growth, as well as the sustainability and resilience of natural resources and food security. The Blue Economy Program for Results (PforR) aims to develop institutional frameworks,…

Read More

Malawi’s Ethanol Company to construct plant that converts ethanol waste into fertilizer and electricity

MALAWI – Ethanol Company (EthCo), Malawi’s ethanol distiller, has announced the construction of a plant that will convert waste from its facilities into fertilizer and electricity. The goal is to reduce its impact on the environment. The project was announced by Lusubilo Chakaniza, the managing director of Ethanol Company (EthCo). It involves the construction of a unit dedicated to the…

Read More

BIX Capital, FMO invest US$10m in C-Quest Capital strengthen its clean cooking activities

AFRICA – BIX Capital, and FMO, the Dutch Entrepreneurial Development Bank, is jointly providing a US$10 million facility to C-Quest Capital to further strengthen its Clean Cooking activities in Sub-Saharan Africa. For many years, BIX Capital, an investment vehicle initiated by Shell Foundation, Cardano Development and Fount, has provided loans to C-Quest Capital (CQC), a successful social impact project developer…

Read More

Taxi-hailing platform Bolt partners Seed Balls Kenya in its mission of sustainable transport

KENYA – Taxi-hailing platform, Bolt has entered into a long-term partnership with Seed Balls Kenya to plant over 11 million indigenous trees and unique grass species in degraded areas across the country. The project will enable the production and distribution of 25 tons of indigenous seeds (an equivalent of 11.25 million trees) to sullied lands across Kenya, where natural reforestation…

Read More