Press Release: IFC Invests in Equator Africa Fund I to Support African Climate Sector Tech Businesses
IFC today announced an investment in Equator Africa Fund I, marking its first-ever investment in a venture capital fund entirely focused on supporting businesses and innovation in the climate sector.
Equator Africa is backing early-stage, tech-enabled companies in sub-Saharan Africa, including those working on green solutions in the energy, agriculture, and mobility sectors. The fund, which achieved a first close of $40 million in April 2023, is helping bridge the persistent financing gaps that exist in Africa for climate tech innovation.
Photo courtesy of Bill Oxford.
Source: IFC (link opens in a new window)
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