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What’s the difference between the climate and tech sectors?
Not much these days, especially in Africa. As we explain below, the green economy includes an ever growing number of startups
Green Rising
August 31, 2023
A special hello to new subscribers from the tech sector. Green Rising offers concise reporting on the continent’s green economy. It should be clear to all now that climate solutions require innovation and investment.
⏳ Today’s reading time: 4 mins
LOGISTICS UPDATE | Thursday 31 August
Countdown: Africa Climate Summit in Nairobi starts in 4 days (Sept 4th)
Walking: Harambee Ave outside the summit venue is closed next week
AND FYI…
🌆 Other event: Nairobi Climate Network meets at 6pm (KICC, Sept 4)
🛏️ Green accommodation: Where to stay in Nairobi National Park
🥗 Farm to table eating: Cultiva has linked suburbia to the wild
1.🚁 Heli view: Did you know… climate summit = tech summit?
The largest African tech conference is coming to Nairobi in early September. Really? As a delegate at the Africa Climate Summit (Sep 4-8), you thought you were going to a climate event? Well, you are. But not only.
Thousands of startup operators are joining the climate summit to meet investors, competitors and potential partners.
Summit sign-ups surpassed 15,000 a month before the event. This week, they reached 28,000.
No other tech conference in Africa draws such crowds. The Africa Tech Summit in Nairobi in February had 1,350 delegates (up from 736 last year).
What’s the story: The tech ecosystem is becoming part of the green economy. And the startup sector is central to the climate space.
Climate-related funding makes up a third of startup capital in Africa already and rising.
$2.8 billion in funding has been invested in green African start-ups since 2019.
Behind the story: Conventional funding for start-ups has dried up. Some tech darlings such as Sendy have died. Without green credentials, they struggle to access capital.