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Acumen Plans To Pump Sh7bn Into Clean Energy Investment

by businessdailyafrica.com posted 1month ago 12 views
Some of KawiSafi’s backers include the Green Climate Fund along with Steve Jurvetson, Chris Anderson and the Skoll Foundation. : New York-based non-profit venture capitalist Acumen Fund said Wednesday it plans to invest $70 million (about Sh7 billion) to boost energy access for low-income populations in Kenya and other East African countries. “After investing $22 million (Sh2.2 billion) of patient, philanthropic capital across the off-grid ecosystem and impacting 81 million lives, Acumen saw an opportunity to drive energy access for millions of low-income people in East Africa and scale the clean energy sector,” it said in a statement.