Green technology fund raises Sh171 million from FSD Africa Investments

BDGreen

Africa Climate Ventures (ACV) has raised £1 million (Sh171.1 million) for investing in companies focused on environment-friendly projects. FILE PHOTO | SHUTTERSTOCK

Venture fund startup Africa Climate Ventures (ACV) has raised £1 million (Sh171.1 million) for investing in companies focused on environment-friendly projects in the continent.

The capital raised from FSD Africa Investments (FSDAi) is in the form of a convertible loan to support the venture builder’s formalisation and develop its capacity to attract investments from larger funds.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.