Equator, a venture capital fund focusing on sustainable development, has secured a substantial Ksh.646 million investment from the International Finance Corporation (IFC) to support early-stage startups across sub-Saharan Africa. The fund will target companies that are developing green technologies in the fields of energy, agriculture, and mobility, helping them scale up their operations.
Equator’s investment comes at a time when the region is experiencing increasing demand for climate change solutions, and the fund has already identified several promising startups for potential investment. These include companies innovating in renewable energy production, electric vehicle development, and sustainable farming practices. The goal is to help these enterprises not only reduce carbon emissions but also create jobs and drive economic growth in some of Africa’s most vulnerable regions.
The new capital injection by IFC underscores the growing interest in climate tech in Africa, with investors recognizing the continent’s potential to be a leader in green innovation. Equator’s focus on sub-Saharan Africa aligns with global efforts to meet climate change goals, and its portfolio companies are expected to contribute significantly to the region’s sustainability agenda
