AfDB to commit $10M to KawiSafi Fund II to support Africa's climate startups
Techpoint Africa | Ifeoma Joy Okorie - Aug 14, 2024
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d.lightKawiSafi II FundAfrican Development Bank GroupBboxxSustainable Energy Fund for Africa (SEFA)
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  • The African Development Bank Group (AfDB) will commit $10 million to the KawiSafi II Fund.
  • The investment will come from the Sustainable Energy Fund for Africa (SEFA).
  • This investment is expected to boost funding for innovative African start-ups tackling climate change.
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The commitment of $10 million by the African Development Bank Group to the KawiSafi II Fund is a significant boost for African climate startups. This investment will provide crucial funding for innovative businesses focused on renewable energy and clean mobility. It demonstrates the bank's commitment to supporting climate change solutions in Africa.
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