Cygnum Capital

The ALCB Fund is proud to announce its first investment in Angola by anchoring the inaugural Sustainability Bond issuance of BANCO BAI, Angola's leading private commercial bank, investing US$10 million in local currency equivalent. As the first public issuance of sustainable bonds in #Angola, this landmark transaction demonstrates the growing role capital markets can play in financing projects aligned with the #SDGs. Proceeds will finance eligible activities across agriculture, industry, logistics, healthcare and other productive sectors of the Angolan economy, and forms part of a broader effort to strengthen the foundations for sustainable finance in Angola and connect private capital with national development priorities. To mark the occasion, BODIVA-BOLSA DE DÍVIDA E VALORES DE ANGOLA - Sociedade Aberta hosted a Ring the Bell Ceremony on 22 September 2026, where Clemens Calice, CEO of Cygnum Capital, joined BAI and ÁUREA - Sociedade Distribuidora de Valores Mobiliários, S.A. to celebrate this milestone for Angola's capital markets. Follow and read more here: https://lnkd.in/dU6KhGzB #Angola #BODIVA #SustainabilityBond #LocalCurrency #ImpactInvesting #Africa #CapitalMarkets #GreenFinance #SustainableDevelopment

The AfricaGoGreen Fund, managed by Cygnum Capital, has provided a USD 10.7 million senior debt facility to BioLite to finance the rollout of at least 163,500 improved cookstoves in #Zambia. The project's carbon credits will be sold to Switzerland's KliK Foundation under an Article 6.2 Mitigation Outcomes Purchase Agreement between BioLite and KliK, implemented under the bilateral agreement between #Zambia and #Switzerland. What is interesting about this deal is not just the cookstoves, it is the ground-breaking financing structure. Carbon projects have traditionally relied on grants, equity or upfront carbon credit purchases. This transaction is financed with debt and repaid from future carbon revenues. The structure brings together three elements: ✅ A long-term Article 6.2 offtake providing contracted demand for the project's ITMOs ✅ Commercial debt financing from AfricaGoGreen Fund ✅ Carbon insurance provided by CFC and Kita, brokered by The Texel Group Put together, this creates a genuinely bankable financing model for high-integrity carbon projects. If carbon markets are to mobilise capital at scale, project developers need access to debt, not just grants and equity. Transactions like this help move the market from bespoke funding solutions towards repeatable investment structures capable of attracting institutional capital. This is one of the first examples of Article 6.2 contracted revenues, debt capital and carbon insurance being combined in this way, and exactly the sort of financial innovation the market needs if it is going to fulfil its potential. Together, these elements form a template that other developers and financiers can follow. Read more here: https://lnkd.in/edsYc3Hp Laurène Aigrain Ethan Kay Aditya Sanghvi Thomas Merriman Simon Bessant #ClimateFinance #Article6 #CarbonMarkets #SustainableFinance #ImpactInvesting #Africa #EnergyTransition #BlendedFinance #SustainableDevelopment #AfricanBusiness #InnovativeFinancing

Call for Experts: ASCENT Project Preparation Facility (PPF) The COMESA Secretariat, through the ASCENT Project Preparation Facility, has issued a Request for Expressions of Interest (RfEOI) and is inviting consulting firms and individual consultants to join its Roster of Experts. Funded by the The World Bank Group and implemented by COMESA, the PPF helps governments, companies, and investors develop bankable, investment-ready distributed renewable energy (DRE) and clean cooking projects across Eastern and Southern #Africa. Experts on the roster are mobilised on an as-needed basis to support PPF beneficiaries. Cygnum Capital, the ASCENT PPF Manager, is onboarding pre-qualified service providers across 18 thematic categories from feasibility and technical studies, market assessments, and financial modelling to transaction advisory, digitalisation, ESHS, gender and inclusion, carbon finance, and productive use of energy. A few essentials: ✅ Assignments may be in any of the four following languages: English, French, Portuguese, and Arabic ✅ Apply for up to four thematic categories ✅ Submissions in English, max 25 pages (excluding annexes) ✅ Submission deadline: Wednesday, 15 July 22:00 East African Time (EAT) ✅ Inclusion on the roster does not guarantee assignment of work. 📄 The full RfEOI, including detailed category descriptions and submission requirements can be found here: https://lnkd.in/eaAxtgAr 📍 Apply via SmartME: https://lnkd.in/dXEB3GgG 📍 Stay informed, join the ASCENT PPF mailing list https://lnkd.in/eFhcyczV 📍 Enquiries: [email protected] #CleanEnergy #EnergyAccess #RenewableEnergy #CleanCooking #COMESA #ASCENT #Africa #ProjectPreparation #Consulting Chris Kandie Jan Martin Witte Will Pearson Benson Gagi Mirana Yu Ray Gorman Alix Graham Morris Maina

As we gather in #CapeTown this week for #AEF2026 we are pleased to announce that Cygnum Capital’s Facility for Energy Inclusion (FEI), alongside Norfund, has closed a USD 90 million long-term debt facility for Communication and Renewable Energy Infrastructure (CREI) — a leading telecom energy service company (TESCO) and asset manager. The financing partially refinances bridge facilities previously arranged by FEI and supports CREI’s continued rollout of renewable energy solutions across #Mali, #SouthSudan, the #CentralAfricanRepublic, and beyond. Working closely with two33’s ieng Group, this investment will help modernise telecom energy infrastructure, delivering more reliable and sustainable power to mobile network operators in some of Africa’s most underserved markets. This is a strong example of the kind of long-term, scalable capital solutions being discussed at #AEF2026. Many thanks to our advisors — Ashurst LLP (legal), SLR Consulting (E&S), Control Risks (contextual risk) and 3E (technical) — for their support on this transaction. Read more here: https://lnkd.in/eviyxhVj

Cygnum Capital's CEO Clemens Calice and Managing Director Jacob Young recently met with H.E. Lasha Khutsishvili, Minister of Finance of Georgia, for discussions on #Georgia's macroeconomic outlook, fiscal performance and capital markets developments. As Credit Ratings Advisor to the Ministry of Finance of Georgia, Cygnum Capital is honoured to play a role in strengthening Georgia's engagement with international financial markets. Our discussions reflected the country's impressive economic momentum and resilience, as well as the continued deepening of its domestic and international capital markets. We are enthusiastic about expanding our financing activities in the country and look forward to supporting Georgia's journey toward broader market access, a strengthened investor base and long-term sustainable growth. Read more here: https://lnkd.in/ehXDRM5a

Congratulations to the Republic of Angola on its landmark Eurobond issuance, marking a decisive reopening of the CEEMEA primary market since the onset of the Iran crisis. #Angola is the first African sovereign to return to the market amid heightened geopolitical uncertainty, successfully executing a sizeable transaction despite the challenging backdrop. Capitalising on strong investor demand, Angola priced USD 2.5 billion across 7‑year and 11‑year maturities, yielding 9.375% and 9.875% respectively. The issuance was complemented by a proactive liability management exercise on its 2028 notes, supporting a more efficient and sustainable repayment profile. The transaction attracted a high‑quality orderbook approximately 2x oversubscribed, underscoring Angola’s resilient credit fundamentals and continued investor confidence in the Republic’s macroeconomic trajectory and reform momentum. Cygnum Capital is proud to have supported the Ministry of Finance of Angola on this transaction. Follow and read more here: https://lnkd.in/eGeFyAmP