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KawiSafi Fund Gets $10 Million Boost from AfDB for Climate Projects

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KawiSafi Fund Gets $10 Million Boost from AfDB for Climate Projects

The KawiSafi Fund is set to receive a significant boost of $10 million from the African Development Bank Group (AfDB) to support climate-focused businesses in Africa.
 
This investment, channeled through the Sustainable Energy Fund for Africa (SEFA), aims to accelerate the development and expansion of projects targeting vulnerable communities.

The $200 million KawiSafi Fund II focuses on energy transition, productivity, mobility, and logistics in sub-Saharan Africa.
 
The AfDB’s contribution will help the fund reach its target of supporting innovative African startups tackling climate change through renewable energy, clean mobility, and other essential sectors.

Amar Inamdar, Managing Director of KawiSafi Ventures, hailed the AfDB’s investment as “catalytic,” emphasizing its role in attracting additional capital to the fund.
 
João Duarte Cunha, Manager of the Bank Group’s Renewable Energy Funds Division, highlighted the fund’s importance in providing crucial financial support to businesses during a critical period of energy transition.

KawiSafi Fund I, the fund’s predecessor, has already demonstrated success through investments in companies like d.light, Bboxx, and BioLite.
 
These companies have made significant strides in the off-grid energy sector, with d.light recently securing a $176 million securitisation facility and Bboxx relocating its headquarters to Rwanda.

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Delila Kidanu: Championing Youth Empowerment and Gender Equality in Africa

Delila Kidanu: Championing Youth Empowerment and Gender Equality in Africa

Delila Kidanu is an Ethiopian professional and the current Director of Africa at ThinkYoung.

With a focus on youth empowerment and gender equality, Delila has dedicated her career to creating positive change in her community and across Africa.

Her work in youth development has had a lasting impact.

She has led programs that provide young people, especially in Ethiopia, with access to education, employment, and entrepreneurial opportunities.

These initiatives have helped many young people build better futures for themselves and their families.

Delila is also a committed advocate for gender equality.

She has played a key role in campaigns aimed at reducing gender-based violence and increasing the participation of women in leadership roles.

Her efforts have contributed to policy changes that support women’s rights in Ethiopia and beyond.

Throughout her career, Delila has worked with various international organizations, NGOs, and governments to implement sustainable development projects.

Her leadership in these projects has improved social services, healthcare, and economic opportunities for marginalized communities in Africa.

As the Director of Africa at ThinkYoung, Delila continues to lead efforts that empower young people through education, research, and advocacy.

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Polo Leteka

Polo is a highly accomplished and experienced entrepreneur and private equity investor on a mission to bridge the gender financing gap in Africa.

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