After KawiSafi I, a $67 million fund specializing in off-grid energy solutions, created in 2016, which benefitted from a solid sponsor, Acumen Fund, KawaiSafi II is financed by the African Development Bank.

KawaiSafi II is a $200 million venture capital fund. It is intended to fill investment gaps in energy transition, productivity, mobility and logistics in sub-Saharan Africa. This fund includes a ten-million dollar technical assistance facility aimed at maximizing climate impact and ensuring better management of environmental, social and governance risks. Amar Inamdar, CEO of KawaiSafi Ventures, said that “the investment of the African Development Bank style="font-family: "Bookman Old Style”, "serif"> in KawaiSafi II, our fund” climate innovation, plays a catalytic role in helping us reach an initial closure and in attracting the important private capital that is urgently needed to support African climate innovators