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This article looks at the vital role of concessional financing in helping to achieve climate change objectives in emerging markets, through helping to make small scale power initiatives economically viable for developers and their financiers in traditionally high-risk investment markets. In this discussion of small scale renewable power initiatives
©Stiftung Solarenergie
Western philanthropies, including foundations, funds, and others, spend billions of dollars annually to help countries adapt to climate change by investing in clean energy. However, compared to the funds dedicated to projects in poor countries in the world, the disparities are so huge that one gets a sense of an apartheid-like culture.
The bank, a partnership between Afreximbank and the African Petroleum Producers Organisation, is meant to help plug a funding gap in Africa amid pressure on major banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects. The bank is set to start operations this year with an initial $5 billion.
Kenya has defied a global funding drought for budding companies to post a 17 percent increase in new startup investments, toppling Nigeria and Egypt as the continent’s largest destination for startup financing. In 2023, 62 Kenyan startups raised an estimated $673.78 million from local and international investors, a rise from the $574.8 mln in 2023.
Startups across Africa raised a total of $217 million in February 2024, representing a 182% increase when compared with January. The report indicated that 38 startups raised at least $100k last month in equity, debt, or grants. 38 startups raised at least $100k last month (in equity, debt, or grants).
REPP 2, a new debt fund focused on catalyzing investments in the rapidly growing renewable energy sector in Sub-Saharan Africa. REPP 2 is being developed by climate and impact fund manager Camco and is designed as a $250 million fund aiming to generate substantial climate, economic, and gender-related impacts while ensuring viable returns.

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