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.
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 - 452 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
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Equity | USD 40,000,000 |
Grant | USD 2,500,000 |
Equity | USD 10,000,000 |
Total GCF Financing |
---|
USD 52,500,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Equity | USD 20,000,000 |
Co-Financing | Grant | USD 7,500,000 |
Co-Financing | Equity | USD 70,000,000 |
Co-Financing | Equity | USD 60,000,000 |
Total Co-Financing |
---|
USD 157,500,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest 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.
ESG Insights Manager
40 Worth Street, Suite 303, New York, United States
More contacts
National Designated Authority
Minister's Office, Ministry of Environment and Sustainable Development
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
Deputy Director of Climate Change
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Cote d'Ivoire
National Coordination of the Green Climate Fund
National Coordinator and GCF Focal Point for the Democratric Republic of the Congo
The National Treasury
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Programme Manager, National Coordination (FLLoCA)
Senior Policy Advisor, Climate Finance
National Council on Climate Change
Special Presidential Envoy on Climate Action (SPEC)
Office of the President of the Federal Republic of Nigeria, State House, Abuja, Nigeria
Director-General and Chief Executive Officer
14 Vistula Close, Maitama, FCT, Abuja, Nigeria
Rwanda Environment Management Authority
Director General
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Ag. Director Debt and Cash Policy
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Head, Climate Finance Unit
Ministry of Green Economy and Environment
National Coordinator
Environmental Specialist Readiness Support
Documents
Title | Type | Date |
---|---|---|
KawiSafi II | Approved funding proposal | 03 Aug 2023 |
Gender assessment for FP210: KawiSafi II | Gender assessment | 13 Jul 2023 |
Gender action plan for FP210: KawiSafi II | Gender action plan | 13 Jul 2023 |
Environmental and social safeguards (ESS) report for FP210: KawiSafi II | Environmental and Social Safeguards report | 07 Jun 2023 |