African Climate Tech Startups Surge to the Top in Investment Boom
- Africa's climate tech startups have secured nearly half of all funding accumulated in 2024.
- Climate tech funding has experienced significant growth over the past five years.
- Fintech funding has declined, leading to the slowdown in overall funding for African startups.
The growth of Africa's climate tech startups and their ability to secure significant funding is a positive sign for the continent's climate transition and action. However, the decline in overall funding for African startups is a concern and may impact the growth potential of the sector. It is important for investors and stakeholders to continue supporting climate tech innovations to accelerate resilience efforts in Africa.
