IFC injects Sh647m in Kenyan climate-focused venture fund

IFC is doing a great job by injecting Sh647 million into a Kenyan climate-focused venture fund. This bold move directly supports local entrepreneurs working on innovative solutions to combat climate change, ranging from clean energy to sustainable agriculture. By targeting ventures that have a positive environmental impact, IFC is not only fostering economic growth but also prioritizing climate resilience.
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IFC injects Sh647m in Kenyan climate-focused venture fund
The transaction marks IFC first first-ever investment in a venture capital fund that primarily funds climate tech companies.
https://www.businessdailyafrica.com/bd/corporate/companies/ifc-injects-sh647mn-in-kenyan-climate-focused-venture-fund-4795808
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Do you agree?

35 more agrees trigger contact with the recipient

Jane Wangui
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5 w
Investing in deals that will bring about change on the planet is the way to go for a better future for us all.
2
Peter Karanga
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6 w
It’s encouraging to see such support for local entrepreneurs working on impactful environmental solutions.
3
Rashid Kamau
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6 w
The investment will help strengthen the resilience of communities and ecosystems against climate change impacts by promoting sustainable agriculture, water management, and other adaptive practices.
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rosebellendiritu
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6 w
This kind of investment will help bring about the kind of change that we desire for a better future
6
walter lungayi
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6 w
This is a significant step towards promoting sustainable and environmentally friendly business practices in Kenya. This investment will not only support the growth of climate-focused businesses but also contribute to the overall development of the country's green economy.
4
Annett Michuki..
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7 w
organizations that have ventured in climate crisis fight will benefit big from this funding
9
Princess
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7 w
IFC is setting a powerful example for financial institutions globally, showing how investment can be a force for positive environmental impact while driving economic growth.
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