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KawiSafi Ventures Fund

An investment fund to drive off-grid solar power in East Africa. Project owner: Acumen. Investing in 10-15 clean energy companies, initially in Rwanda and Kenya, providing household solar technologies. Aiming to drive a low-carbon paradigm shift and leapfrog fossil fuel grids to clean energy, using equity capital from GCF to leverage investment, and grant capital to set up a Technical Assistance Facility.

The KawiSafi portfolio will be the world’s first climate change fund targeting low-income populations in developing countries. Investments of USD 2-10 million per company will be made in 10-15 clean energy small- and medium-sized enterprises. Lack of electricity and high kerosene use will be addressed through affordable clean household solar energy solutions such as solar lanterns, solar home systems, and solar mini-grids. KawiSafi will also invest in other parts of the ecosystem such as consumer finance, mobile payment, and metering/monitoring technologies. The Technical Assistance Facility will identify and address core needs of portfolio companies to support their scale and financial viability.

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Specifications

Program website

http://www.greenclimate.fund/-/kawisawi-ventures-fund-in-east-africa

Type

Investor
Fund

Geographical Scope

Eastern Africa

Funding / Investment / CapBuild type

Equity. Grant.

Contact information

E-mail

shimi.shah@kawisafiventures.com

Last update

Date

14-05-2018

Status

Accepting Applications Check Website

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