African circularity initiatives raise $250 million in May

From the newsletter

Circular economy businesses across Africa raised approximately $250 million in May. North Africa dominated by funding value, attracting $240 million, while Southern Africa was the most active region by deal volume, accounting for three of the nine recorded transactions. North Africa and Central Africa followed with two deals each. 

• Grant funding dominated by deal volume, representing 67% of all transactions tracked during the month. By value, however, private capital accounted for 80% of funding raised, followed by loans at 16%, while grants and blended finance contributed just 2.5% and 1.6% respectively. 

• Despite raising a quarter of a billion dollars, May's funding total remained well below the average monthly funding of approximately $950 million recorded last year, a figure boosted by several large sovereign and municipal transactions.

More details