The Trump administration has announced a $17.5 billion initiative to accelerate the development of 10 new large nuclear reactors, aimed at addressing the increasing power demands from large data centers. Energy Secretary Chris Wright highlighted the significant interest from developers in this sector during the announcement made in the Oval Office, which included President Donald Trump and Commerce Secretary Howard Lutnick.

Catalyst Fund has raised $30 million for its investment strategy focused on climate resilience in Africa, with new investors including the International Finance Corporation, Shell Foundation, and Trafigura Foundation. The fund aims to support early-stage startups that are developing solutions to climate-related challenges across the continent, reflecting a growing interest in adaptation technologies.

The United Kingdom-backed Ayrton Fund has expanded access to clean energy for 46 million people across emerging economies, according to a statement issued on Monday. The fund has mobilised more than £3 billion in public and private finance and supported over 256,000 green jobs. The figures, reported by Punch, underscore the growing economic impact of international investment in clean energy innovation and sustainable development in developing markets.

Open Startup celebrates its 10th anniversary by launching two new investment initiatives, The Science Road and Openers First, aimed at supporting African deep tech ventures. This move reflects the organization's commitment to fostering innovation and development in the African technology sector.

Spiro has successfully completed a funding round that totals $270 million, which includes a recently secured $55 million investment from NewTrails Capital.

African electric mobility company Spiro has raised $55 million from Chinese growth-stage fund NewTrails Capital, increasing its total funding to $270 million. This investment aims to support Spiro's expansion of electric vehicle and battery-swapping infrastructure across the continent, as announced on June 22.