The future of climate-tech in Africa 🌵💵
Globally, there has been an increase in funding for climate tech startups. PwC reported that investments in climate tech surged in the first half of 2021 to $ 87.5 billion from $28 billion in the second half of the previous year.
The year 2022 recorded a rise in VC funding for green tech startups. Q2'2022 recorded a $1.4 billion investment in climate-focused startups. Venture capital funds like Y Combinator, Lowercarbon Capital, and Tech-stars contributed to the 47 per cent increase in investments in climate-tech startups in the first half of 2022 compared to the same period last year.
However African climate startups are significantly trailing behind their counterparts in the US, Canada, Europe, and China. The continent's climate tech ecosystem could only clinch 0.2 per cent of that total global funding. Do you think climate tech has a future in Africa?
Set a reminder and join the conversation: Is there a future for climate tech in Africa? @VenturesAfrica's Twitter Space on Wednesday, 19th October 2022 at 4:00 p.m WAT. Featuring Maxime Bayen, Venture Building Lead at Catalyst Fund & Co-founder of Africa: The Big Deal, and Aisha Raheem, CEO & Co-Founder of Farmz2u.
Meet our speakers!
Maxime Bayen is a Senior Venture Builder for the Catalyst Fund. He co-leads Africa: The Big Deal and oversees the venture-building support provided to Catalyst Fund's early-stage firms as well as portfolio companies' preparation for investment.
Maxime is passionate about the contribution that technology and entrepreneurship make to economic development and has spent almost a decade working in the African startup ecosystem.
He supports various startups across the continent as an investor and advisor. He is passionate about how innovation would allow Africa's populations to mitigate the negative impacts of climate change.
Aisha Raheem established Farmz2u, a data-driven platform that offers small local farmers convenient market access, high-quality input, and buyers for produced goods to help improve their farming. These attributes support farmers in preventing food waste and ensuring food sustainability.
Farmers can plan, market, store, and distribute their products more efficiently with Farmz2u.
VA Polls
Recently, we put out a poll asking if climate tech has a future in Africa. The majority of our audience voted in the affirmative while a few voted "no".
Set a reminder: Is there a future for climate tech in Africa? — twitter.com Ventures Africa’s Space · Where live audio conversations happen
Remember to stay safe!
