Key Developments
VC firm Equator raises $40 million to back climate-tech African startups
| Article
Equator, a VC firm focused on supporting innovative solutions to climate change, has raised $40 million in commitments to invest in African startups tackling climate challenge
Notable investors in the fund include British International Investment (BII), the The Global Energy Alliance for People and Planet (GEAPP), UK charity Shell Foundation and impact investor DOEN Participaties B.V. This investment represents a significant boost for the African climate tech ecosystem, providing much-needed capital to support the development and scaling of innovative solutions to the continent’s pressing environmental challenges. With climate change posing a significant threat to African economies and communities, Equator’s investment in these startups has been backed to drive real impact and create sustainable change.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
AfDB secures $350 million from JICA to support Africa’s private sector
The African Development Bank Group (AfDB) has secured a $350 million loan from the Japan International Cooperation Agency (JICA) to enhance its support for private sector operations in Africa.
May 4, 2023
Kenya gets $378 million to electrify its public transport system
The European Union has provided Kenya with $378 million in funding to power the country’s electric Bus Rapid Transit (BRT) system.
April 20, 2023
Eastcastle, a telecom infrastructure provider, gets $60 million investment from IFC to accelerate digital connectivity in DRC
The funding will be utilized to expand EastCastle’s telecom towers network across the Democratic Republic of Congo (DRC), bolstering connectivity and improving access to telecommunications services in the country.
July 7, 2023
