Acumen Launches $90 Million Fund to Bolster Climate Solutions in Africa
Acumen, a global impact investment firm, has unveiled its second Kawisafi fund, securing $90 million to invest in climate-focused businesses operating across Africa. This significant investment underscores the growing interest in Africa’s climate-tech sector and aims to address the continent’s urgent need for sustainable solutions. The fund will provide crucial financial backing to companies developing innovative approaches to clean energy, sustainable transportation, alternative cooking methods, and carbon financing opportunities.
Investing in a Greener Future for Africa
The Kawisafi fund’s mission is to support companies bringing tangible climate solutions to underserved African communities. This includes initiatives such as providing clean, renewable energy sources, developing resilient transportation options designed to withstand climate and economic challenges, increasing access to safer and more affordable cooking alternatives, and fostering new avenues for carbon financing. This focus highlights the critical role African innovation plays in mitigating climate change and adapting to its effects, especially considering that the continent is highly vulnerable to climate change despite contributing a relatively small amount to global emissions.
The new fund marks a significant development in the African climate-tech space. While the continent received 21% of total funding in the first half of 2025 in this sector, it currently receives only 3% of global climate finance, despite contributing 4% to global emissions. KawiSafi positions itself as a pivotal partner for African startups that are capable of attracting international investor interest and simultaneously delivering significant value to local markets.
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