The International Finance Corporation (IFC) has invested Sh647.4 million ($5 million) in Equator Africa, a Kenyan venture capital fund that focuses entirely on climate innovation businesses, to help in the battle against climate change.
The investment, which will be partly guaranteed by the Korea Green Innovative Development Programme to the tune of $1.5 million (Sh194.2 million), is the fund’s last for the year and brings the fund’s total amount raised during this round to $54 million (Sh6.9 billion).
