Browsing: Climate Tech funding in Africa

• In 2024, startup funding in Africa has evolved with Climate tech, which covers various use cases, surging to account for 45% of funding, an all-time high.
• In the period under review, climate tech received $325 million.
• Despite the overall dip in total investments, climate tech’s share of funding has been steadily rising, reflecting its expanding importance in Africa’s startup scene.

In the face of increasing economic woes and adverse weather conditions, climate tech startups in Africa are defying the odds, instead, experiencing unprecedented levels of investment. This year, climate tech is emerging as a primary focus for investors, reflecting the urgent need for innovative solutions to address the continent’s climate-related issues.

The latest numbers show that climate tech startups garnered substantial attention in 2024, with funding reaching an all-time high of $325 million, which is 45 percent of the total startup financing announced in Africa this year.

“But what’s particularly …