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The International Finance Corporation (IFC) has committed up to $25 million to Acumen’s Hardest-to-Reach (H2R) Fund. he H2R Fund, which targets the electrification of 72 million people over the next ten years and aims to prevent the release of 5 million tonnes of CO2 emissions, is structured into three equity tranches each worth $60 million.
Power Africa is awarding grants of $250,000 to Simusolar (US) and SureChill (UK) to distribute solar-powered irrigation and refrigeration solutions to underserved regions in Kenya, Tanzania, and Uganda to boost productive use of energy.
Equator Africa, a venture capital firm, has closed an additional $5 million from the International Financial Corporation (IFC) to support businesses and innovation in the African climate sector. This comes after securing an initial close of $40 million in April 2023 to bridge the persistent funding gap for climate tech startups.
This marks its first-ever investment in a venture capital fund entirely focused on supporting businesses and innovation in the climate sector. Equator Africa is backing early-stage, tech-enabled companies in sub-Saharan Africa, including those working on green solutions in the energy, agriculture, and mobility sectors.

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