The Nigerian fintech Payhippo, which previously provided SME loans, has rebranded to RIVY and raised $4 million in a pre-Series A funding round to focus on increasing clean energy financing in the continent. The funding was split between $2 million equity and $2 million debt. The seed round was co-led by EchoVC, a Nigerian venture capital (VC) firm through its $2.5 million Eco fund, which focuses on climate, energy, agriculture, and mobility solutions, and Shell’s All On, a climate-focused impact investment organization. Local debt providers supplied the debt. “Renewable energy is
Equator, an Africa-focused venture capital firm, secured $55 million for its first fund to support climate tech startups, particularly in their early stages, as reported by TechCrunch. Africa has less than 3% of global energy-related CO2 emissions but suffers from some of the worst climate impacts. Equator seeks to address that, saying it invests in deals “addressing economic and sustainability challenges emerging from these impacts.” Funding African climate tech startups In African countries, climate tech startups have to navigate a difficult funding landscape compared to their peers in more developed
Solar tech startup GRYD has secured £1 million ($1.2 million) in pre-seed funding, according to Tech Funding News. GRYD was created in 2023 by Mohamed Gaafar, Scott Whiteside, and Tom Jordan to make solar energy accessible to everyone by allowing solar-as-subscription to newly built homes. The trio met at the Antler accelerator program, where they devised the idea for a company that would provide homeowners with zero-cost residential solar systems as energy costs continue to rise in the UK. The pre-seed round saw investments from SFC Capital and Black Seed
The Democratic Republic of Congo (DRC) has lodged criminal complaints in France and Belgium against Apple and its local subsidiaries, accusing the tech giant of benefiting from conflict minerals in its supply chain. In a statement, lawyers for the Congolese government allege that these “blood minerals” fuel violent conflict in the region, including atrocities committed by armed groups. Apple has denied the claims. Apple Accused of Covering Up War Crimes Eastern Congo is a major source of tin, tantalum and tungsten—the 3T minerals—which are widely used in electronics like computers
The Forbes 30 Under 30 North America 2025 list is out, showcasing exceptional talent across industries. This year, we’re highlighting some of the young Black people in tech who are driving progress through innovation, equity, and leadership. Jordan Taylor, 29 | Founder, Vizcom Jordan Taylor is the creative force behind Vizcom, a startup that uses AI to turn sketches into 3D designs. The former Nvidia industrial designer launched Vizcom in 2021 with cofounder Kaelan Richards, helping companies like Ford and New Balance streamline product development. Today, Vizcom boasts 65 enterprise
The Alliance for Tribal Clean Energy has launched a $100 million fund to remove the financial barriers that often stall clean energy projects in Native American communities. The Indigenous Power & Light Fund for Energy Sovereignty is supported by the John D. and Catherine T. MacArthur Foundation, the William and Flora Hewlett Foundation, and other philanthropic organizations. Tackling Energy Inequities Many Native American communities still lack access to electricity. A 2022 report from the Department of Energy revealed that nearly 17,000 tribal homes remain unelectrified. On the Navajo Nation, the
Earthbond, a Nigerian startup that helps small and medium-sized businesses (SMBs) go solar, has raised $200,000 in pre-seed funding from Madica, an Africa-focused investment firm. The funding will help Earthbond expand its solar services to more businesses, offering a cleaner and more affordable energy option as Nigeria faces rising fuel prices. Making Solar Power More Accessible Founded in 2023 by Chidalu Onyenso, Earthbond connects businesses with solar power providers, including installers and loan options, to make adopting solar energy easier and more affordable. Onyenso, a Harvard MBA and experienced product
Octavia Carbon, a Kenyan startup in Direct Air Carbon Capture (DACC) technology, has raised $3.9 million in seed funding. This funding, co-led by Lateral Frontiers and E4E Africa, will allow the startup to scale its efforts to remove carbon dioxide from the atmosphere, aiding the global fight against climate change. Pioneering Carbon Capture Technology in Africa Founded in 2022 by Martin Freimüller, Duncan Kariuki, and Mike Bwondera, Octavia Carbon is Kenya’s first DACC company. Its machines capture carbon dioxide (CO2) from the air and store it underground to help reduce
Klean Energy Kulture (KEK), an Atlanta-based nonprofit dedicated to driving clean energy adoption in Black and Brown communities, has launched its inaugural program, “Electrify the City.” This initiative aims to fast-track the integration of renewable energy in disinvested neighborhoods. It focuses on transforming cultural landmarks like salons, churches, entertainment venues, and community centers into sustainable energy hubs. Powering Cultural Spaces and Communities Through “Electrify the City,” KEK will partner with businesses, residents, and cultural leaders to install solar panels and electric vehicle (EV) charging stations in high-traffic community venues. The
In a development for South Africa’s renewable energy sector, Grid Africa has raised R50 million ($2.8 million) in equity from Rifuwo Energy Partners. This investment comes at a pivotal time as the nation faces rising energy costs, exacerbated by Eskom’s – a government-owned company that is South Africa’s main supplier of electric power – proposed 36% tariff hike. The fresh funds will fuel the acceleration of solar energy projects across the country, offering businesses a cost-effective alternative to grid electricity. Timing Amidst Rising Energy Costs With South Africa’s state-owned power
