News > More money is going to African climate startups, but a funding gap remains

More money is going to African climate startups, but a funding gap remains

Funding for climate tech startups in Africa from the private sector is growing, with the continent requiring $277 billion annually to meet its climate goals for 2030. African countries need to address risks like currency instability that they say reduce investor appetite, while investors need to expand their scope of interest to more climate sectors like flood protection, disaster management and heat management, and use diverse funding methods.