France’s development agency that promotes private investment in developing countries.
EBRD Backs Nigerian Energy Startup Beacon Power Services in $20.9 Million Grid Modernisation Project
EBRD approved $10 million financing for Beacon Power Services. The project aims to improve electricity distribution and grid management in Nigeria.
African EV Startup ARC Ride Raises $33 Million to Expand Battery-Swapping Network
ARC Ride raised $33.3 million for expanding battery-swapping stations across Africa. The funding round is one of the largest for an electric mobility company in Africa.
Africa50 pulls in $50M from European development banks for a fund that preps green projects for investors
Africa50 received $40 million from Italy’s Cassa Depositi e Prestiti and $10 million from France’s Proparco for its AGIA-PD fund. The AGIA-PD fund focuses on preparing climate infrastructure projects for investment by conducting feasibility studies and technical assessments.
Proparco backs new EmTech venture fund for Francophone Africa
Proparco has become a key backer of EmergingTech Ventures Fund II. The fund targets a close of $60 million, with potential growth to $80 million.
Digital Africa Launches $58M Seed Fund Targeting Overlooked African Markets
Digital Africa has launched the Digital Africa Seed Fund (DASF) at the Africa Forward Summit in Nairobi on 12 May 2026. The DASF aims to raise between €30 million and €50 million to invest in technology startups.
