Swedfund, Sweden’s development finance institution (DFI), is providing a $20 million loan to the AfricaGoGreen Fund, a move aimed at increasing debt financing for businesses focused on reducing emissions and improving energy efficiency across the African continent.
The investment, announced on Wednesday, will support companies...
The deal continues a broader trend of Nigerian VCs backing foreign startups or local companies with continental ambitions, as Nigeria’s economy faces mounting macroeconomic challenges.
The VB Facility will deliver pre- and post-investment support to startups operating in sectors including distributed solar, energy efficiency, electric mobility, agritech and circular economy solutions.
In the weeks following Nigeria and Ghana’s festive travel season — the period known locally as Detty December — a wave of chargebacks was filed in January 2025, predominantly initiated from abroad.
Sixty60’s trajectory offers a case study in how a legacy retailer in an emerging market has embedded rapid delivery into its core model while maintaining profitability.
