Africa Go Green Fund (AGG)

Public data, unclaimed profile

Climate-focused debt fund managed by Cygnum Capital: financing African companies in the energy transition and electric mobility.

At a glance

Based on observed investment behaviour: 2 recorded deals

Investor type: Private equity or venture capital fund (inferred, not verified)
Capital type: Private credit (inferred from profile)
Observed ticket: 18 M$ – 20 M$, median 19 M$ (2 disclosed amounts)
Countries: Kenya (2)
Activities: Electric mobility (1), Telecom operators and ISPs (1)
Instruments: Equity (1), Senior debt (1)
Stages: Debt (1), Series C+ (1)
Recent activity: 1 deal in 12 months, latest Sept 2026

Stated thesis versus observed behaviour

Fewer than three recorded deals: insufficient evidence to compare thesis and behaviour.

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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket: 18 M$*
Instruments: Senior debt
Preferred sectors: Energy, Telecoms & digital infrastructure*
Target geographies: West Africa, East Africa, Central Africa, Southern Africa, North Africa
Stages (stated by the fund and from its deals): Series C+Debt
Website: https://www.cygnumcapital.com

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Spiro

September 2026 · Kenya

Debt18 M$Senior debtEnergyLead

Activity : Electric mobility

Instrument : Financement additionnel de 18 M$, qui porte l'engagement total d'AGG envers Spiro à 36 M$ · Vehicle : Africa Go Green Fund

Spiro develops and operates an electric mobility platform combining electric motorcycles with a large-scale battery-swapping network. The company operates across seven African markets and is expanding its infrastructure particularly in Uganda and Rwanda.

Why they invested

Spiro has made strong progress since AGG's initial investment.
The financing will support further electric motorcycle deployment and expansion of battery-swapping infrastructure in Uganda and Rwanda.
The battery-swapping model is designed to make electric mobility more accessible and affordable.
The investment contributes to reducing transport emissions while lowering riders' exposure to conventional fuel costs.

Source : cygnumcapital.comN1 · Primary source

Mawingu

October 2025 · Kenya

Series C+20 M$EquityTelecoms & digital infrastructureCo-Invest

Co-investor alongside Remgro

Activity : Telecom operators and ISPs

Mawingu, a Kenyan internet service provider (ISP) focused on connecting underserved communities, has raised $20M.

Co-investors FMO, InfraCo Africa

Source : launchbaseafrica.com

In short

Africa Go Green Fund (AGG) invests tickets ranging from 18 M$ to 18 M$, across the following sectors: Energy and Telecoms & digital infrastructure, in the following areas: West Africa, East Africa, Central Africa, Southern Africa, and North Africa. Check in 30 seconds whether your company fits these criteria.

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