Equator Africa gets $5 million to support climate tech innovation in Africa
- Equator Africa closes an additional $5 million from IFC.
- Initial close of $40 million secured in April 2023.
- K-GRID Programme provides a $1.5 million guarantee.
The increasing investment in climate tech in Africa is a promising sign of growth and innovation, but it is crucial for stakeholders to address the significant funding gap to meet the continent's climate goals. Collaborative efforts between governments, venture capital firms, and international organizations are essential to drive sustainable development and achieve meaningful impact in the climate sector.
