According to the Climate Policy Initiative, just 3% of global climate finance flowed to Africa in 2023, and less than 0.5% of that targeted early-stage tech ventures.
SEFAA, which was initially anchored by Germany’s KfW Development Bank, typically invests between $300,000 and $2.4 million in early-stage and growth-oriented agribusinesses.
The UK fintech giant has submitted its application to the central bank, but faces a tough regulatory environment and deeply entrenched local competitors.
According to the Climate Policy Initiative, just 3% of global climate finance flowed to Africa in 2023, and less than 0.5% of that targeted early-stage tech ventures.
Dr. Islam Azzam, a former managing director of a national fund targeting startups, takes the helm of the Egyptian Exchange amid a flurry of pro-tech market reforms.
