EV startup Opibus begins operation in Kenya amidst plans for regional launch by 2023

KENYA – The first electric bus by Swedish-Kenyan electric vehicle (EV) startup Opibus has hit Kenya’s roads, marking the beginning of the company’s venture into the mass transit industry. Opibus first announced plans to roll out electric public transport buses last year when it raised US$7.5 million in a pre-Series A round. The startup is now running a pilot in readiness for the…

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Startup Boreal Light inaugurates solar-powered desalination system in Tanzania

TANZANIA – German start-up Boreal Light is commissioning a solar-powered desalination system in the Kibaha district of Tanzania located in the Medewell health center, providing water for patient care. The new system was installed by Kenyan start-up WaterKiosk Africa, which partners with Boreal Light, a provider of water desalination solutions.  “This system is the largest of its kind installed in…

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Coca-Cola launches new sustainability platform in Africa dubbed JAMII

AFRICA – Coca-Cola Africa Operating Unit (AOU) and its bottling partners have announced the launch of JAMII, the new Africa-focused sustainability platform that houses the Company’s existing and new sustainability initiatives. Through this signature platform, Coca-Cola hopes to attract like-minded partners to help accelerate the on-the-ground impact of its initiatives. The new platform will build and expand on the past accomplishments…

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Kenyan plastics recycler Mr. Green Africa gets backing from impact investors

KENYA – Mr. Green Africa, a Kenyan plastics recycling pioneer, has received a major round of investment from impact-driven investors and key industry stakeholders to scale its business model across the continent. The investment round was led by DOW, a leading material science company that will support MGA innovations on plastic collection and recycling, and product development, with a focus…

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Nedbank issues green bond backed by IFC to fund green residential developments in South Africa

SOUTH AFRICA – To help improve access to certified green homes in South Africa, International Finance Corporation (IFC) and Nedbank have announced the issuance of a green residential development bond under Nedbank’s domestic medium-term note program, with IFC as the anchor investor. This is the first green bond by a commercial bank in Africa focused on green residential housing developments.…

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AfDB secures US$136m for its Sustainable Energy Fund for Africa

AFRICA – The African Development Bank (AfDB) has announced US$136 million in additional investment for its Sustainable Energy Fund for Africa (SEFA). The announcement was made during the COP26 conference featuring government ministers and a council of leaders in renewable energy. SEFA, a multi-donor trust fund administered by the AfDB, has reaffirmed its support for institutional expansion for its African…

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InfraCo, DOB and Mobility54 invest in Zembo’s Electric Motorcycles

UGANDA – Investment firm InfraCo Africa has partnered with Dutch investor DOB Equity and Mobility 54 to invest €3 million (US$ 3.43m) in Zembo Motorcycles SMC’s electric mobility solution, to improve its operations. InfraCo Africa continues to roll out its green finance in Africa. The Private Infrastructure Development Group (PIDG) investment company is entering into an agreement with DOB Equity,…

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Electric vehicle startup BasiGo raises US$1m pre-seed funding, debuts in Kenya

KENYA – Electric vehicle startup BasiGo has announced the launch of its operations in Nairobi, Kenya bringing clean energy options to the country’s public transport industry, currently dominated by fossil-fuel buses. The startup plans to sell locally assembled electric buses using parts from China’s EV maker BYD Automotive as it announced it had raised US$1 million in pre-seed funding. BasiGo also disclosed…

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Independent power company Globeleq to build significant renewable projects in South Africa

SOUTH AFRICA – Globeleq, Africa’s leading independent power company, and the majority partner in the Ikamva Consortium, has been selected to contribute more clean and renewable wind and solar projects across the country. The six wind and six solar PV projects will total 1,274 MW of generation capacity adding to Globeleq’s nine majority owned and operated wind and solar assets…

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Electric motorcycle company Ampersand secures US$9m from DFC to boost its operations

RWANDA – Ampersand Rwanda Ltd, Africa’s first electric mobility and financing company, has received a US$9 million credit facility from the U.S. International Development Finance Corporation (DFC) to help boost its operations in Rwanda and Kenya. This credit facility adds to Ampersand’s US$4 million financing from the venture capital fund Ecosystem Integrity Fund (EIF) and Total Energies in April. By…

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