ABAN, SAIS Launch Angel Program to Spur Climate Investments
TLDR
- ABAN and SAIS launch the Climate Smart Agriculture Angel Investor Capacity Development (CAICD) program to boost angel investment in climate-smart agriculture in Africa.
- The program aims to recruit and train 60 new angel investors for ABAN's Climate Smart Agriculture Network.
- Goal to finalize 10 investment deals post-program and enhance capital deployment in climate-smart agricultural projects.
The African Business Angel Network (ABAN) and Scaling Digital Agriculture Innovations through Start-ups (SAIS) have launched the Climate Smart Agriculture Angel Investor Capacity Development (CAICD) program to strengthen angel investment in climate-smart agriculture across Africa.
Both parties aim to support sustainable agricultural practices by equipping new angel investors with the skills to invest in climate-smart technologies and ventures. Over the next two cohorts, the program will recruit and train 60 new angel investors, who will join ABAN’s Climate Smart Agriculture Network.
The initiative also aims to finalize 10 investment deals within six months of the program’s conclusion, boosting capital deployment in climate-smart agricultural projects. Participants will receive comprehensive training, with progress tracked through active network engagement.
Key Takeaways
In a noteworthy deviation from the broader funding downturn in Africa's venture capital scene in 2023, climate tech startups defied the trend by securing an impressive $1 billion in investments. Around one in three dollars invested in startups on the continent during the forecast period was directed towards climate tech ventures. This robust performance underscores both the potential of green investments in Africa and the growing emphasis placed by investors on this domain.
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