1. Novastar Ventures Closes $147 Million Financing for Africa People and Planet Fund III
Novastar Ventures has reached the final close of its third fund, the Novastar Ventures Africa People and Planet Fund III (NVIII), securing $147 million to deepen its bets on climate-focused and impact-driven startups across the continent. The fund drew commitments from a mix of returning and new limited partners, with strong participation from Japanese investors. These include SBI Holdings, Sumitomo Mitsui Banking Corporation (SMBC), Mitsubishi Corporation, Mitsui O.S.K. Lines, and the Japan International Cooperation Agency (JICA). [Read more]: https://techpoint.africa/news/novastar-ventures-closes-third-fund/
2. GoSwap Raises Funds to Expand Its Electric Scooter Battery Swapping Network in Morocco
Moroccan startup GoSwap has secured its first funding round from Azur Innovation Fund, a significant step in its mission to revolutionize urban mobility. The investment, part of a larger goal to raise over 20 million dirhams, will accelerate the deployment of its innovative battery-swapping network for electric scooters. This move positions GoSwap to address key economic and environmental challenges in Morocco's major cities. [Read more]: https://www.startupresearcher.com/news/goswap-raises-funds-to-expand-its-electric-scooter-battery-swapping-network-in-morocco?utm_source=africa.startupresearcher.com&utm_medium=newsletter&utm_campaign=week-13-2026&_bhlid=1041eb52794335abf32268004b347d4e44ef5544
3. Kenyan electric bus startup BasiGo aims to roll out the new charging sites this year for inter-city routes
BasiGo aims to roll out new charging facilities this year at gas stations along Kenya’s coastline as well as in the country’s center and west, Managing Director Moses Nderitu told Semafor, in a move to scale-up rapidly. The company currently has 11 charging stations, of which 10 are in the Nairobi metropolitan area, and more than 100 buses on the roads. The plan would require tens of new charging stations to cover key routes.[Read more]: https://energycapitalpower.com/gcf-bolsters-energy-access-in-africa-with-960m-global-climate-action-funding/
4. Afreenergy Solar Secures $4.6M to Expand Solar and Storage in Senegal
Afreenergy Solar has secured USD 4.6 million (EUR 4.3 million) in financing from the Private Infrastructure Development Group (PIDG) to scale operations in Senegal and deploy up to 30 MW of solar and up to 10 MWh of battery energy storage systems (BESS) for commercial and industrial (C&I) customers. PIDG is making the commitment through its project development arm, InfraCo. [Read more] https://solarfinanced.africa/updates/afreenergy-solar-secures-4-6m-to-expand-solar-and-storage?utm_source=news-update&utm_medium=newsletter&utm_campaign=linkedin-post-march-part-2
5. Ghana hosts high-level African climate strategy meeting ahead of COP31 and COP32
Ghana hosted a three-day strategy meeting of the African Group of Negotiators (AGN), with climate experts and national focal points working to consolidate a unified African position ahead of COP31 in Turkey and COP32 in Ethiopia. [Read more]. https://www.myjoyonline.com/ghana-hosts-high-level-african-climate-strategy-meeting-ahead-of-cop31-and-cop32/