The International Finance Corporation (IFC) has invested $5 million (Ksh.646 million) in Equator Africa, a venture capital (VC) fund focused on the climate sector.

The Kenya-based VC fund is backing early-stage tech start-ups working on green solutions in the energy, agriculture, and mobility sectors across sub-Saharan Africa.

Equator Africa achieved a first close of $40 million in April 2023 (Ksh.5.2 billion at current exchange rates) and IFC’s investment is part of the fund’s final close, taking its size to $54 million (Ksh.7 billion).

We are thrilled to have IFC participate in our fund and support Equator’s mandate to invest in technology-enabled, early-stage ventures that are accelerating an equitable climate transition in sub-Saharan Africa,” Nijhad Jamal, managing partner at Equator, said.

“Together we hope to address a critical financing gap for Seed and Series A-stage climate-tech companies as they scale in the region.”
Equator Africa has already invested in six companies including Kenyan solar-powered energy and irrigation systems provider SunCulture; e-mobility start-up Roam Motors and Apollo Agriculture, which provides input financing and advisory services to smallholder farmers.



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By funding green solutions across energy, agriculture, and mobility, this initiative supports climate action, economic growth, and social equity ultimately contributing to the broader goal of a greener, more sustainable world.
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Dear Kevin Your climate love has received over 50 agrees! We have reached out to IFC - International Finance by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time
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This investment from IFC is a strong boost for Equator Africa and climate innovation. Supporting start-ups in energy, agriculture, and mobility opens doors for sustainable solutions that can drive impactful growth across sub-Saharan Africa. Big steps forward!
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@munene_mugambi This is indeed a big step forward, and it sets an inspiring example of how public-private partnerships can foster innovation and support sustainable development in emerging markets.
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Supporting local startups is key to building a sustainable future
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@ann_nyambura_542 By focusing on local startup ecosystems, we not only drive economic growth but also ensure that it happens in a sustainable, inclusive way that benefits both people and the planet.
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This injection of funds has the potential to drive innovation and address pressing environmental challenges, ultimately contributing to the region's long-term development.
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@walter_lungayi Def. This kind of funding is a catalyst for impactful change, fuelling creativity in critical areas and setting the foundation for lasting sustainability. It’s a big step toward tackling environmental issues and fostering resilience in the region.
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This investment in green tech startups is a big step towards sustainable development in sub-Saharan Africa
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@dickson_mutai Well said! Supporting green tech startups empowers sustainable solutions that can reshape industries and address urgent climate needs. This investment is a solid move toward building a greener, more resilient future in sub-Saharan Africa.
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Equator Africa now has a golden opportunity to lead by example, demonstrating that economic growth and environmental sustainability can go hand in hand.
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@princess_nel_268 By leveraging the IFC's investment in green solutions, Equator Africa has the unique opportunity to set a powerful example for both Africa and the rest of the world.
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Fantastic move by IFC! This investment in Equator Africa boosts green innovation in energy, agriculture, and mobility-key areas for a sustainable future.đź’šđź‘Ź
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@gorffly_mokua Equator Africa now has the chance to lead by example, showing that sub-Saharan Africa can be at the forefront of green innovation.
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It’s encouraging to see financial backing for projects that align with climate goals inspiring other investors to follow suit.
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@frankoh_kihm_080 It is indeed great to see funding for climate projects, hope it inspires more investors!
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@frankoh_kihm_080 This kind of financial backing plays a critical role in accelerating the transition to a sustainable future.
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Funding if channeled to the rightful projects in the roadmap to sustainability , the war against climate change is far much won.
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With the necessary funds ,alot can be done to help deal with the issue of pollution and climate change at large.
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@rosebellendiritu True, funding is a vital factor towards achieving sustainability.
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@rosebellendiritu The right investments can make all the difference in turning the tide against climate change.
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it is essential for bridging the financing gaps in Africa’s climate tech sector and promoting sustainable development.
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@peter_karanga I agree, this is the only way we can upscale sustainable developments in Africa.