Africa50 is an infrastructure investment fund that led BasiGo's funding round, focusing on supporting innovative projects in Africa.
Africa50 pulls in $50M from European development banks for a fund that preps green projects for investors
Africa50 received $40 million from Italy’s Cassa Depositi e Prestiti and $10 million from France’s Proparco for its AGIA-PD fund. The AGIA-PD fund focuses on preparing climate infrastructure projects for investment by conducting feasibility studies and technical assessments.
African Financiers Back AfDB’s NAFAD Initiative to Close $400 Billion Funding Gap
The African Development Bank's NAFAD initiative aims to unlock African capital to address a $400 billion annual development financing gap. Discussions at the AfDB Annual Meetings focused on mobilizing capital for infrastructure, industrialization, and climate resilience.
Funding Trends in African E-Mobility Startups
African startups raised $2.21 billion across 488 deals in 2024, with mobility startups securing $178.6 million. Kenya leads East Africa in electrifying commercial vehicles, supported by a robust renewable energy infrastructure.
BasiGo Raises $42M to Accelerate Public Transport Electrification Across Sub-Saharan Africa
BasiGo raised $24 million in Series A equity funding. The funding round was led by Africa50 and included co-investments from multiple firms.
Kenyan E-mobility Startup BasiGo Completes Series A Round of USD 42 M
BasiGo completes USD 42 million Series A funding round. Funding includes USD 24 million in equity and USD 17.5 million in debt facilities.
