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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“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.
You may also like...
Maisha Meds Receives $5 Million in Funding From USAID to Expand Access to Affordable Malaria Care in Africa
Maisha Meds, a leading digital health organization in Africa, has received US$5.25 million in scale-up stage 3 funding from the United States Agency for International Development (USAID) Development Innovation Ventures (DIV).
South African Startup FARO Secures $6 Million to Tackle Textile Waste and Expand Affordable Fashion
FARO, a South African startup revolutionizing the fashion industry, has secured $6 million in funding to address textile waste and make fashion more affordable across Africa.
Kenyan-Based VC Firm Uncap Launches $33 Million Fund to Support African SMEs
Uncap, a venture capital firm operating in Munich and Nairobi, has announced the launch of a $33 million fund aimed at supporting the growth of small and medium-sized enterprises (SMEs) across Africa.
