The African continent collectively contributes only about 3% of the yearly global human-induced greenhouse gas (GHG) emissions. However, the region is projected to experience more severe impacts from human-induced climate change than almost anywhere else on the planet. Sub-Saharan countries face temperature increases above that of the global average potentially impacting health, agriculture, food security, economic development and human welfare in a region that is already challenged on most of these issues. Solving the problem of climate change will require substantial investments in Africa’s infrastructure, manufacturing capacity and economy to bolster overall adaptation and mitigation levels on the continent.
The KawiSafi II project will create a USD 200 million venture equity fund aimed at closing the investment gap in three key areas where sub-Saharan countries struggle to find investors: energy transition, productivity, and mobility & logistics. Standing on the shoulders of the first KawiSafi project, the fund will invest in local enterprises developing scalable climate action projects to the benefit of climate-endangered African communities. Beyond funding, KawiSafi II will establish a USD 10 million technical assistance facility to enable these entities to maximise their climate impact while ensuring the implementation of robust management systems to address any potential environmental, social and governance risks that may arise.
