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Climate tech funding opens the way for African entrepreneurs

Climate tech funding opens the way for African entrepreneurs

BONFACE ORUCHO, BIRD STORY AGENCY A surge in funding for nature-based solutions worldwide is opening opportunities for green startups in Africa, with a resultant increase in cleantech startups, according to a recent report. AfricaGoGreen Fund (AFGGF), a pan-African fund that supports climate-friendly projects on the continent, recently secured US47 million in its second fundraising round. The fund focuses on the installation of rooftop solar and battery storage for residential, commercial, and industrial consumers, as well as the purchase of high-efficiency appliances and industrial equipment, and retrofitting existing and new green buildings. The International Finance Corporation (IFC) provided US$17 million in…
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