Companies seeking funding publish their progress here

Announced deal

Groupe Dangote backs Raffinerie de Lamu (East Africa Oil Refinery)

Kenya · Oil and gas (upstream and gas infrastructure) · Sept 2026

16,000 M$Equity

Why they investedFuel import substitution

Announced deal

Mirova Natural Capital backs SunCulture

Kenya · Productive use: solar cooling and pumping · Sept 2026

10 M$Senior debt

Announced deal

Africa Go Green Fund (AGG) backs Spiro

Kenya · Electric mobility · Sept 2026

18 M$Senior debt

Why they investedSpiro has made strong progress since AGG's initial investment.

Announced deal

Proparco backs Arc Ride Ltd

Kenya · Electric mobility · Sept 2026

Equity

Why they investedAccelerate the deployment of electric mobility solutions in Africa

Announced deal

Novastar Ventures backs ARC Ride

Kenya · Electric mobility · Sept 2026

33.3 M$Senior debt

Announced deal

FMO backs M-KOPA Kenya

Kenya · Electric mobility · Jul 2026

30 M$Senior debt

Announced deal

NewTrails Capital backs Spiro

Kenya · Electric mobility · Jun 2026

55 M$Equity

Announced deal

Impact Fund Denmark backs Spiro

Kenya · Electric mobility · Jun 2026

215 M$Equity

Announced deal

BNP Paribas Asset Management Alts backs Sistema.bio

Kenya · Renewable power plants: solar, wind, hydro, geothermal, biogas · Mar 2026

53 M$

Announced deal

Congruent Ventures backs Zeno

Kenya · Electric mobility · Mar 2026

25 M$Equity

Announced deal

Kenya Pipeline Company

Kenya · Fuel and LPG distribution · Feb 2026

824.031 M$Equity

Why they investedPartial privatisation of a public infrastructure asset

Announced deal

Afreximbank (Banque africaine d'import-export) backs Spiro

Kenya · Electric mobility · Feb 2026

50 M$Senior debt

Announced deal

Nithio backs Spiro

Kenya · Electric mobility · Feb 2026

7 M$Senior debt

Announced deal

Banque africaine de développement (BAD) backs OrPower Twenty-Two Limited (OTTL)

Kenya · Renewable power plants: solar, wind, hydro, geothermal, biogas · Jan 2026

16.5 M$Senior debt

Why they investedIncrease Kenya's baseload electricity generation capacity

Announced deal

Investisseurs & Partenaires (I&P) backs IOT Powerpay Africa

Kenya · Clean cooking · Jan 2026

Why they investedDigital Energy Challenge winner (2022, 2025)

Announced deal

Investisseurs & Partenaires (I&P) backs Acele Africa

Kenya · Storage and batteries · Jan 2026

Why they investedStorage for mini-grids and e-mobility

Announced deal

PowerGen

Kenya · Renewable power plants: solar, wind, hydro, geothermal, biogas · Dec 2025

50 M$Equity

Announced deal

Africa50 backs KETRACO — lignes de transport d'électricité (PPP)

Kenya · Power transmission and distribution · Dec 2025

311 M$

Why they investedIntegrate renewables (geothermal, Lake Turkana wind)

Announced deal

Lightrock backs Sun King

Kenya · Off-grid solar and solar kits · Dec 2025

40 M$Equity

Announced deal

Kula PCC backs Enzi Mobility

Kenya · Electric mobility · Oct 2025

3.5 M$

Announced deal

Fund for Export Development in Africa backs Spiro

Kenya · Electric mobility · Oct 2025

100 M$Senior debt

Announced deal

Mirova Natural Capital backs Arc Ride

Kenya · Electric mobility · Sept 2025

10 M$Senior debt

Announced deal

WaterEquity backs SunCulture

Kenya · Productive use: solar cooling and pumping · Sept 2025

5 M$

Announced deal

Impact Fund Denmark backs CrossBoundary Energy

Kenya · Renewable power plants: solar, wind, hydro, geothermal, biogas · Aug 2025

40 M$Quasi-equity

Announced deal

Norfund backs Sun King

Kenya · Off-grid solar and solar kits · Jul 2025

156 M$Senior debt

Announced deal

TDB Group backs Burn Manufacturing

Kenya · Clean cooking · Jun 2025

80 M$Senior debt

Announced deal

EDFI Management Company backs BURN

Kenya · Clean cooking · May 2025

5 M$Senior debt

Announced deal

Novastar Ventures backs Sistema.bio

Kenya · Renewable power plants: solar, wind, hydro, geothermal, biogas · Jan 2025

3.5 M$

Announced deal

Novastar Ventures backs Sistema.bio

Kenya · Renewable power plants: solar, wind, hydro, geothermal, biogas · Jan 2025

7.75 M$Equity

Why they investedAccelerate Sistema.bio's expansion into new African markets.

Announced deal

Standard Bank backs CrossBoundary Energy

Kenya · Renewable power plants: solar, wind, hydro, geothermal, biogas · Dec 2024

140 M$Senior debt

Announced deal

FMO backs Hydrobox

Kenya · Mini-grids and rural electrification · Nov 2024

9.5 M$Senior debt

Announced deal

European Investment Bank backs BURN Manufacturing

Kenya · Clean cooking · Oct 2024

15 M$Senior debt

Announced deal

Africa50 backs BasiGo

Kenya · Electric mobility · Oct 2024

42 M$Equity

Why they investedAccelerate the deployment of 1,000 electric buses in East Africa

Announced deal

Lowercarbon Capital backs Zeno

Kenya · Electric mobility · Sept 2024

9.5 M$Equity

Announced deal

DFC backs BasiGo

Kenya · Electric mobility · May 2024

10 M$Senior debt

Announced deal

Delta40 backs PowerUp

Kenya · Clean cooking · Apr 2024

Equity

Why they investedElectric cooking can reduce the use of polluting cooking fuels.

Announced deal

InfraCo Africa backs SunCulture

Kenya · Productive use: solar cooling and pumping · Apr 2024

27 M$Equity

Announced deal

Key Carbon backs BURN Manufacturing

Kenya · Clean cooking · Apr 2024

12 M$

Announced deal

Mobility 54 backs BasiGo

Kenya · Electric mobility · Mar 2024

3 M$Equity

Announced deal

Lendable backs SunKing

Kenya · Off-grid solar and solar kits · Feb 2024

7 M$Senior debt