Northern

Western

Southern

City of Kigali

Eastern

Rwanda

30% forest cover of national land area by 2020

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It is expected that USD 2.8 trillion will be needed between 2020 and 2030 for Africa to implement its Nationally Determined Contributions (NDCs). Yet, in 2019 and 2020, Africa received only 12 to 15 per cent of the required investments for climate action. The share of private climate finance in total climate finance is relatively lower than in any other emerging market globally. The main risks that deter investors from committing to African private equity include the perception of a weak exit window, currency risk, a less attractive risk/return profile than other markets, and political risk.

GCF’s equity investment in NVIIII, a USD 200 million venture capital fund, will mobilise funding for African climate ventures. The venture fund aims to support early and growth-stage companies that promote a clean, inclusive, and sustainable development path for Africa. Investments will be channelled into companies focused on three main themes: services that enable adaptation and resilience; clean technology for decarbonising economic growth; and innovative climate technology for natural resources.

Focusing on Kenya, Nigeria, Rwanda, South Africa, and Egypt, this initiative aims to scale affordable climate solutions from other markets. Each of these countries has a large climate-vulnerable population, making it essential to provide capital for companies in these areas to scale up investments in mitigation and adaptation. Through successful investments, NVIII seeks to establish a strong climate-tech innovation ecosystem by engaging key stakeholders and mobilising private sector capital.

It was developed under GCF’s Project-specific Assessment Approach (PSAA).

As GCF’s first dedicated livestock programme, DaIMA aims to strengthen climate resilience, reduce emissions across the dairy value chain and improve the livelihoods of dairy farmers in East Africa.

The dairy sector in East Africa, including Kenya, Rwanda, Uganda and the United Republic of Tanzania, faces significant challenges due to climate change. Dairy farming is a major contributor to these countries' greenhouse gas (GHG) emissions, and climate change's effects threaten its long-term sustainability. Many dairy farmers struggle with limited market access, challenges in sourcing local feed and fodder, inadequate extension and financial services, and difficulties in risk management. The sector is further impacted by low livestock genetic potential, herd management issues, animal diseases, insufficient extension support, limited awareness of climate-resilient and low-carbon practices and technologies, rangeland degradation and gender inequalities.

DaIMA has a comprehensive and holistic approach to improve all aspects of the dairy sector, from improving policy, institutional and service delivery environments to building the capacity of smallholder farmers, including women, youth and marginalised groups. It will improve access to finance and innovative technologies offering mitigation and adaptation benefits. As a result, dairy farmers and processors will be encouraged to adopt more efficient, climate-resilient practices that enhance incomes and lower production costs.

Key activities include strengthening national capacities and enhancing an enabling environment for a low-emission and climate-resilient dairy sector, enhancing income and productivity for smallholder dairy farmers, cooperatives and small and medium-sized enterprises (SMEs) by promoting sustainable climate-resilient and low-emission growth pathways, and establishing a Green Dairy Financing Facility in the four target countries to enhance access to finance for dairy value chain actors, including farmers, cooperatives, SMEs and technology providers.

Local CSOs and CBOs in landscapes-seascapes around the world access grant financing and technical assistance, including capacity development and knowledge sharing to maintain and enhance their socio-ecological resilience, well-being and socio-economic conditions for global environmental benefits.

As Rwanda urbanises rapidly, it is facing significant climate variability, which is leading to increased heat and more erratic and heavy precipitation. The resulting floods and landslides in informal peri-urban expansion areas around the capital city Kigali recurrently lead to the destruction of homes, infrastructure, livelihoods, and the loss of lives.

The Government of Rwanda is committed to addressing these climate challenges facing large parts of its urban population by changing the paradigm of public investments. The Green City Kigali Masterplan for Kinyinya Hill sets out a complete settlement with climate risk-reducing infrastructure and decentralised low-carbon basic services. On-site vocational training will enable the community to upskill and partake in the green transformation, building sustainable and resilient livelihoods.

The Green City Kigali Project will allow Rwanda to implement this changing paradigm and invest comprehensively in climate-compatible upgrading. This will build climate resilience for the existing community and new residents. The project aims to make recurrent flooding, landslides, and loss of livelihoods and lives a thing of the past. 

The funding proposal was developed with support provided by the Project Preparation Facility.

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