Acumen’s new $90 million Kawisafi fund to back African climate-tech startups
- Acumen's KawiSafi fund has secured $90 million in approved capital for climate solutions in Africa.
- The fund will support companies providing clean power, sustainable transport, and affordable cooking alternatives.
- KawiSafi aims to reach 50 million people and prevent 50 million tons of carbon emissions.
The establishment of the KawiSafi fund represents a significant step towards addressing climate challenges in Africa. However, the disparity between the approved capital and the committed funds highlights the need for more robust investment strategies to attract further capital. Engaging local entrepreneurs and fostering partnerships will be crucial for the fund's success and the broader climate-tech ecosystem in Africa.
