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NextFrontier Africa is a media platform spotlighting Africa’s emerging opportunities in technology, tourism, aviation, agriculture, health, logistics, real estate, trade, education, and e-commerce.

September 15.2025

2 Minutes Read

Acumen's $90 Million Kawisafi Fund: Pioneering Climate-Tech in Africa

African individuals joyfully installing solar tech, Kawisafi fund climate-tech Africa.

The Launch of Acumen's $90 Million Kawisafi Fund

In a pivotal move for Africa’s climate-tech landscape, Acumen has announced the establishment of its second Kawisafi fund with a substantial backing of $90 million. This new initiative aims to bolster clean energy solutions in underserved communities across the continent, demonstrating a growing recognition of the critical need for sustainable technologies in Africa.

A Boost for Climate Solutions

The Kawisafi fund promises to support companies focused on expanding access to renewable energy, developing resilient transport systems, and creating affordable cooking alternatives, all of which are essential for combating climate change. The African climate-tech sector is increasingly attracting investor attention; however, it currently accesses only 3% of global climate financing despite the continent being disproportionately affected by climate crises.

Impact of Previous Investments

Acumen's foray into climate finance is not entirely new. The first Kawisafi fund, launched with $67 million in 2016, already made a significant mark by impacting over 213 million lives and reducing carbon emissions by approximately 45 million tons. This history suggests that Fund II is set on a similar trajectory, aiming to reach 50 million people and further alleviate the continent’s carbon footprint.

The Urgency of Climate Finance in Africa

As climate-related challenges escalate, the need for innovative solutions and access to financing for these solutions becomes more pressing. According to João Duarte Cunha from the African Development Bank, the KawiSafi fund arrives at a critical juncture, bringing essential venture capital to companies that are pivotal for advancing energy access and facilitating the energy transition within the region.

Investor Confidence and Future Prospects

With only $40 million currently committed, the Kawisafi fund's full potential remains to be harnessed. However, the endorsement from bodies like the Green Climate Fund and the Quadrature Climate Foundation signals strong investor confidence in Africa's capacity for impactful climate solutions. As the fund targets to professionalize operations and expand to broader markets, the prospects of scaling climate technologies in Africa look promising.

Join the Conversation

For those interested in Africa’s evolving tech landscape, understanding the implications of such funds can lead to more informed decision-making and investment strategies. Engage with the conversation around sustainable innovations and their transformative potential for communities.

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