African climate startups set to gain ground as VC funding shifts their way

Venture capital activity around climate tech has been heating up in Africa despite the global VC funding cooldown.
The continent’s climate tech startups secured over $860 million in equity funding, largely driven by clean energy technologies, representing 3.5x growth amid macroeconomic headwinds last year, data shows, making climate Africa’s most funded sector after fintech.
This seems to be just the beginning: The past few months have seen a slew of new funds dedicated to investing in the space, indicating that funding for climate tech startups will persist for a while.
Pan-African vent

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