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When Ademola Adesina founded a startup to provide solar and battery-based power subscription packages to individuals and businesses in Nigeria in 2015, it was a lot harder to raise money than it is today. Climate tech was new in Africa, the continent was a fledgling destination for venture capital money,…
African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for
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“A lot of the VCs (Venture Capital) playing in this space right now in Africa are doing a really fantastic job, I think room for improvement is now to see that bigger investors now look at the model and participate and take the level of risk that VCs will not be able to venture into .." Prince Ojea
Get latest articles and stories on World at LatestLY. When Ademola Adesina founded a startup to provide solar and battery-based power subscription packages to individuals and businesses in Nigeria in 2015, it was a lot harder to raise money than it is today. World News | More Money is Going to African Climate Startups, but a Huge Funding Gap Remains.