Swedfund invests in African climate tech and innovation
Swedfund commits USD 10 million to the Novastar Ventures Africa People and Planet Fund III (NVIII) to increase access to capital for African companies that are tackling climate change and development challenges through clean and climate-positive technologies.
At a time when Africa faces increasing climate risks, it is also emerging as a rising hub for climate and clean-tech innovation. Through this indirect investment, Swedfund aims to catalyse funding for early-stage local businesses developing solutions in renewable energy, e-mobility, smart logistics, circular economy and regenerative agriculture.— As the impacts of climate change intensify, it is critical to support businesses building resilient, low-carbon economies. Our investment seeks to unlock financing for innovative companies...