Investing in Climate Tech Innovation in Africa
The Catalyst Fund launched the report "Investing in Climate Tech Innovation in Africa." The report includes insights into the sectors, technologies, target users, geographies, founder characteristics, funding trends, and exit paths of climate ventures in Africa. These insights are produced as part of a philanthropic effort to progress the climate resilience ecosystem with the support of FSD Africa, UNIDO, GEF, and JPMorgan Chase.
Title
Investing in Climate Tech Innovation in Africa
Author(s)
Catalyst Fund
Published
December 2023
Website
https://www.thecatalystfund.com/insights/investing-in-climate-tech-innovation-in-africa
During the Africa Tech Summit, Maelis Carraro, Managing Partner at Catalyst Fund, shared insights from their latest report at the Masterclass session titled “Mastering Climate Tech Innovation in Africa,” co-hosted with FSD Africa and Persistent.
She touched on the data on funding, saying $2.5 billion of the $3.4 billion climate tech funding in Africa from 2019-2023 went to the energy & water sectors.
Overall, climate financing would need to grow from current levels of approximately $30 billion a year to nearly $300 billion to meet mitigation and adaptation needs, with contributions from both the private and public sectors (The Catalyst Fund, 2024)
For more insights from the report, download it here. If you would like to further discuss the findings from the report, reach out to Maelis directly here.
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