KawiSafi Fuels African Climate Tech with $90 Million for Sustainable Innovation
KawiSafi, a pivotal investor dedicated to advancing energy transition, clean transportation, and nature-based carbon solutions across the African continent, has successfully secured a substantial $90 million for its second fund. This significant capital injection is specifically earmarked for empowering climate technology startups and solutions throughout Africa, marking a crucial step towards fostering a sustainable and low-carbon future for the region. The fund’s primary objective is to channel vital resources into innovative enterprises tackling pressing climate challenges on the continent, reinforcing Africa’s role in the global climate tech landscape.
Driving Impact and Growth Through Strategic Climate Investment
Managed by Acumen, a distinguished global impact investor dedicated to building markets and addressing poverty, the KawiSafi Fund II now commands $90 million in approved capital. This impressive figure includes an initial $40 million in committed capital, all strategically allocated to its for-profit investment strategy. Amar Inamdar, the Managing Director of the KawiSafi funds, eloquently articulated the profound significance of this financial milestone. “Securing $90 million for a successor KawiSafi fund is a major milestone and a signal to the market: capital can and must flow toward a more inclusive, low-carbon future,” Inamdar stated, highlighting the dual objectives of environmental stewardship and economic inclusivity. He further affirmed KawiSafi’s mission to actively support “the entrepreneurs who are building scalable business models that turn climate challenges into growth opportunities across Africa.” This critical funding initiative is anchored by a consortium of prominent investors, including the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), the Green Climate Fund, the Schmidt Family Foundation, and Quadrature Climate Foundation, collectively underscoring a strong global commitment to empowering climate solutions on the African continent.
This monumental $90 million fund closure by KawiSafi represents more than just a financial transaction; it is a powerful catalyst for Africa’s rapidly evolving climate tech ecosystem. It not only channels essential capital into innovative startups pioneering solutions in areas like clean energy and sustainable mobility but also sends an unequivocal message about the continent’s potential for green growth. By empowering entrepreneurs to transform climate challenges into viable business opportunities, KawiSafi, in collaboration with its esteemed partners, is actively shaping a more resilient, prosperous, and environmentally conscious future for Africa, solidifying its role at the forefront of global climate action.
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