New Investments
KawiSafi Fund Gets $10 Million Boost from AfDB for Climate Projects
The $200 million KawiSafi Fund II focuses on energy transition, productivity, mobility, and logistics in sub-Saharan Africa.
Amar Inamdar, Managing Director of KawiSafi Ventures, hailed the AfDB’s investment as “catalytic,” emphasizing its role in attracting additional capital to the fund.
KawiSafi Fund I, the fund’s predecessor, has already demonstrated success through investments in companies like d.light, Bboxx, and BioLite.
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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
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Rensource Energy, one of the leading Nigerian distributed energy services companies, has secured $15 million in funding from Afrigreen Debt Impact Fund SLP
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