Blended finance key to unlocking billions for Africa's climate tech startups

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The need for innovative climate solutions is urgent, and climate tech offers a path towards resilience and sustainability.

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Essential: In a bid to lower its carbon footprint, Anglo American this year is using the world’s biggest green-hydrogen powered nuGen truck at the Mogalakwena mine in Limpopo. Climate tech offers a path towards sustainability.frica is at a pivotal moment in its fight against climate change, with the continent increasingly vulnerable to its effects.

Innovative climate tech solutions are essential to mitigate these effects, and startups in the climate tech sector can increase public awareness about climate change and the importance of sustainability. In this context, investors often view African markets as high-risk because of political instability, regulatory uncertainty and economic volatility. The prohibitively high cost of borrowing locally makes it difficult for start-ups to finance their operations through traditional debt. Additionally, a highly fragmented regulatory landscape across African countries presents complexities in cross-border operations and scale-up strategies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines