FP210

KawiSafi II

KawiSafi II

The African continent collectively contributes only about 3% of the yearly global human-induced greenhouse gas (GHG) emissions. However, the region is projected to experience more severe impacts from human-induced climate change than almost anywhere else on the planet. Sub-Saharan countries face temperature increases above that of the global average potentially impacting health, agriculture, food security, economic development and human welfare in a region that is already challenged on most of these issues. Solving the problem of climate change will require substantial investments in Africa’s infrastructure, manufacturing capacity and economy to bolster overall adaptation and mitigation levels on the continent.  

The KawiSafi II project will create a USD 200 million venture equity fund aimed at closing the investment gap in three key areas where sub-Saharan countries struggle to find investors:  energy transition, productivity, and mobility & logistics. Standing on the shoulders of the first KawiSafi project, the fund will invest in local enterprises developing scalable climate action projects to the benefit of climate-endangered African communities. Beyond funding, KawiSafi II will establish a USD 10 million technical assistance facility to enable these entities to maximise their climate impact while ensuring the implementation of robust management systems to address any potential environmental, social and governance risks that may arise.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
885,835
Indirect
2,637,973
Theme

Cross-cutting

Result areas

Project timeline

Pipeline

14 Apr 2022 - 456 days

Concept note received

14 Apr 2022

Funding proposal received

10 Nov 2022

Cleared by GCF Secretariat

20 Apr 2023

Legal opinion on AE's Internal Approval

06 Jun 2023

Cleared by iTAP

19 Jun 2023

Approved

13 Jul 2023 - 344 days so far

Approved by GCF Board

13 Jul 2023

FAA executed

05 Dec 2023

Under implementation

To be completed

One region

  • Africa

Seven countries

Two priority groups

  • Least Developed Countries
  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
EquityUSD 40,000,000
GrantUSD 2,500,000
EquityUSD 10,000,000
Total GCF Financing
USD 52,500,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingEquityUSD 20,000,000
Co-FinancingGrantUSD 7,500,000
Co-FinancingEquityUSD 70,000,000
Co-FinancingEquityUSD 60,000,000
Total Co-Financing
USD 157,500,000

GCF Contacts

General media inquiries

GCF Communications
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
Send e-mail

Accredited Entity

Acumen Fund, Inc.
Ms. Lynn Roland
Primary

General Counsel
Phone +1 (212) 566-8821
lroland@acumen.org
Mr. Samuel Jewett
Secondary

ESG Insights Manager
40 Worth Street, Suite 303, New York, United States
Phone +1(612)505-8006
sjewett@acumen.org
More contacts

National Designated Authority

Côte d'Ivoire
Minister's Office, Ministry of Environment and Sustainable Development
Mr. Marcel YAO Primary
Public Policy, Climate Change and Ecological Transition Expert / Technical Advisor to the Minister in charge of International Cooperation and Resource Mobilization
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Abidjan, Cote d'Ivoire
Phone (225) 0707791504 / 2720239900
ensamarcel@yahoo.fr
yaomarcelclimat@gmail.com
Mr. Kouadio Philippe Secondary
Deputy Director of Climate Change
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Cote d'Ivoire
Democratic Republic of the Congo (the)
National Coordination of the Green Climate Fund
Prof. Isaac KALONDA KANYAMA Primary
National Coordinator and GCF Focal Point for the Democratric Republic of the Congo
Ms. Francine KATANGA MUTANDA Secondary
Deputy GCF Coordinator
Kenya
The National Treasury
Dr Chris Kiptoo Primary
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Phone +254 20 224 0051
pstnt@treasury.go.ke
Mr. Malik Aman Secondary
Programme Manager, National Coordination (FLLoCA)
Phone +254 720 771774
malikaman@me.com
Mr. Peter Odhengo Secondary
Senior Policy Advisor, Climate Finance
Phone +254 722 984 992
odhengo@gmail.com
Mr. Hillary Korir Secondary
Senior Economist
Phone +254 722 644736
hillary.korir@treasury.go.ke
Nigeria
National Council on Climate Change
Dr. Salisu Dahiru Primary
Director General
Headquarters Mabushi, Abuja, Nigeria
Rwanda
Rwanda Environment Management Authority
Mrs. Juliet Kabera Primary
Director General
Uganda
Ministry of Finance, Planning and Economic Development
Mr. Ramathan Ggoobi Primary
Permanent Secretary / Secretary to the Treasury
Phone +256414707135
ramathan.ggoobi@finance.go.ug
Ms. Maris Wanyera Secondary
Ag. Director Debt and Cash Policy
Phone +256772426456
maris.wanyera@finance.go.ug
Mr. Juvenal Muhumuza Secondary
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Phone +256781051485
juvenal.muhumuza@finance.go.ug
Mr. Denis Mugagga Secondary
Head, Climate Finance Unit
Phone +256782805422
Phone +256702440655
denis.mugagga@finance.go.ug
Zambia
Ministry of Green Economy and Environment
Mr. Billy Katontoka Primary
National Coordinator
Phone +260 211 252625
Phone +260 97 5366274
billy.katontoka@mgee.gov.zm
Ms. Brenda Simainga Secondary
Environmental Specialist Readiness Support
Phone +260 211 252625
Phone +260 97 2823232
brenda.simainga@mgee.gov.zm

Documents