Acumen has announced the launch of its second KawiSafi fund, aimed at accelerating climate-focused solutions across Africa. The global impact investor confirmed that the new fund has secured $90 million in approved capital to support its for-profit investment strategy.
KawiSafi Fund II builds on the success of the first fund, a $67 million clean energy vehicle established in 2016. The new fund will provide catalytic equity to companies working to deliver both financial returns and measurable climate benefits.
According to Acumen, the fund will focus on entrepreneurs developing scalable business models that address climate challenges while creating new growth opportunities on the continent. The initiative is designed to strengthen Africa’s position in the global shift toward a low-carbon economy.
Anchor investors in KawiSafi Fund II include the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), first-loss capital from the Green Climate Fund, the Schmidt Family Foundation, and the Quadrature Climate Foundation. These commitments highlight growing institutional interest in supporting climate innovation across Africa.
The fund will target investments in sectors such as clean energy, sustainable agriculture, and climate-resilient infrastructure, with the goal of combining long-term financial sustainability with broad environmental impact.