Venture Capital
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.