fundsforNGOs News

Uganda has emerged as Africa’s leading electric motorcycle market, recording more than 30,000 electric two-wheeler sales in 2025 and accounting for approximately 43 percent of all electric motorcycle sales across the continent. According to the International Energy Agency’s Global EV Outlook 2026, Uganda has become one of Africa’s fastest-growing electric mobility markets, significantly outperforming many… [Read More]

Michigan is entering the final phase of a historic $273 million investment in state parks, trails, and recreational facilities funded through the American Rescue Plan Act (ARPA). As part of Governor Gretchen Whitmer’s Building Michigan Together Plan, the funding was allocated to address decades of infrastructure maintenance needs, improve visitor experiences, and expand outdoor recreation… [Read More]

Ecobank Ghana has been appointed to coordinate a $200 million financing package for the second phase of expansion of Sentuo Oil, Ghana’s first private oil refinery. The agreement was formalized through a memorandum of understanding signed in Accra, with Ecobank tasked with assembling a syndicate of local, regional, and international lenders to raise the required… [Read More]

The United Arab Emirates (UAE) is increasingly positioning itself as a major financial and strategic partner in Africa’s mining sector, providing capital to governments seeking greater control over valuable natural resources. The latest example comes from Botswana, which is exploring potential support from the UAE to help finance a larger stake in De Beers following… [Read More]

The South Australian Government has launched the THINK! Road Safety Community Grants Program, providing $200,000 in funding to support local initiatives that promote road safety education and awareness. The new program is designed to help councils, schools, charities, sports clubs, and community organizations develop projects that encourage safer road use and foster lifelong road safety… [Read More]

Antwerp-based venture capital firm Pitchdrive has successfully closed its fourth investment fund at €60 million, despite receiving subscription requests exceeding €85 million. The firm deliberately capped the fund size and reduced commitments from investors to maintain its focused investment strategy. All capital was sourced from entrepreneurs and family offices, reflecting strong confidence in Pitchdrive’s founder-led… [Read More]

Rylo, formerly known as Nagish, has secured $85 million in growth funding in a round led by General Catalyst’s Customer Value Fund, with participation from Canaan, Vertex Ventures, and Contour. The latest investment pushes the company’s total funding beyond $100 million and reflects growing investor confidence in AI-driven accessibility technologies. Based in Tel Aviv and… [Read More]

South African private rail operator Traxtion has secured $86 million in funding to expand its rolling stock and support a broader 3.4 billion rand investment program aimed at strengthening its freight rail capabilities. The company is positioning itself to benefit from expected growth in rail freight demand as South Africa continues to open its rail… [Read More]

The African Development Bank (AfDB) is shifting its financing strategy in Senegal by placing greater emphasis on private capital to support the country’s next phase of transport infrastructure development between 2026 and 2031. This approach is designed to address rising debt pressures while still enabling large-scale infrastructure expansion. Under the new strategy, non-sovereign operations—financing provided… [Read More]

Namibia is strengthening its cybersecurity capabilities as the country expands its digital government services and faces a sharp rise in cyber threats. The government has launched a new three-year partnership between the Namibia Institute of Public Administration and Management and the Global Cybersecurity Centre to enhance cyber awareness and technical skills across the public sector…. [Read More]

Lesotho has secured a landmark $6.2 billion investment agreement with U.S.-based Convalt Energy to develop a large-scale hydropower plant and an artificial intelligence data center. The project is the largest investment commitment in the country’s history and aims to position Lesotho as a hub for both clean energy and advanced digital infrastructure. The proposed development… [Read More]

Nigeria’s Rural Electrification Agency (REA) has launched the construction of a mini-grid project in Egume, located in Dekina Local Government Area of Kogi State, as part of efforts to expand electricity access in rural communities. The project is designed to improve energy supply reliability and support local development through decentralized renewable energy systems. The mini-grid… [Read More]

Liberia has signed a $57 million financing agreement with the World Bank to strengthen its power sector under the Regional Emergency Solar Power Intervention (RESPITE) project. The funding aims to expand electricity access, improve energy reliability, and support the country’s broader transition toward cleaner and more sustainable energy sources. A major share of the investment… [Read More]

The Global Environment Facility (GEF) has approved $72.8 million in funding for eight environmental and climate-focused projects across seven African countries, as part of a broader $232.5 million financing package endorsed during its 71st Council meeting in Samarkand, Uzbekistan. The investment targets climate adaptation, sustainable agriculture, ecosystem restoration, biodiversity conservation, and flood protection, reflecting growing… [Read More]

Nigeria has invested approximately $697 million in agricultural insurance and farm financing programs over the past three years as part of its broader strategy to strengthen food security, increase agricultural productivity, and support economic growth. The initiative reflects the government’s commitment to revitalizing a sector that remains essential to employment, income generation, and national food… [Read More]

Africa Finance Corporation (AFC) has successfully closed a record-breaking $2 billion syndicated loan facility, marking the largest financing transaction in the institution’s history. Originally targeted at $1.6 billion, the facility was increased by $400 million due to strong demand from international lenders. The transaction highlights growing investor confidence in AFC’s role as a leading infrastructure… [Read More]

African governments, development finance institutions, and multilateral lenders are increasingly diversifying their sources of funding by accessing capital markets in Asia, the Middle East, and Australia. This shift reflects a broader effort to reduce dependence on traditional Western debt markets while gaining access to new pools of capital, more competitive financing terms, and a wider… [Read More]

Sika Financial Group has secured a $2 million seed investment from Aruwa Capital Management through its $40 million Aruwa Capital Fund II. The funding will support the company’s efforts to expand its cross-border payments infrastructure and strengthen financial connectivity across emerging markets. Founded in 2023 by Emmanuel Ashirifi, Sika Financial Group develops financial infrastructure solutions… [Read More]

Nigerian entrepreneur Tobechukwu Arize is the co-founder and chief executive officer of PowerLabs, a technology company established in 2023 to help organizations better understand, monitor, and optimize their energy consumption. Based in San Francisco, the company focuses on providing businesses with real-time visibility into energy usage, enabling them to improve efficiency, reduce costs, and strengthen… [Read More]

Spiro, one of Africa’s leading electric mobility companies, has secured a $215 million equity investment to accelerate the expansion of its electric vehicle ecosystem and battery-swapping infrastructure across the continent. The funding represents one of the largest recent investments in Africa’s electric mobility sector and highlights growing investor confidence in sustainable transportation solutions and clean… [Read More]

The Bank of Central African States (BEAC) has temporarily suspended new refinancing operations under its Special Refinancing Facility, a key mechanism designed to support productive investment projects across the six-member Central African Economic and Monetary Community (Cemac). The decision follows discussions held during a meeting of the Monetary Policy Committee in Yaoundé and forms part… [Read More]

ARM-Harith Infrastructure Investments has successfully completed the first close of its Climate Transition Fund, securing $76 million toward its overall target of $200 million. The fund is designed to finance climate-resilient infrastructure and energy transition projects across sub-Saharan Africa, helping countries strengthen sustainability while addressing growing climate-related challenges. The initiative reflects increasing efforts to mobilize… [Read More]

The United Nations Development Programme (UNDP) Rome Centre for Climate Action and Energy Transition and Deloitte have signed a collaboration agreement aimed at increasing private-sector investment in climate and clean energy initiatives across emerging markets and developing countries. The agreement was announced during Venice Climate Week in the presence of representatives from the Italian government,… [Read More]