The Kuali Fund, which is being managed by impact investor GAWA Capital, has raised €129m at first close to support a range of countries globally to build climate resilience and transition to low carbon economies.
The fund supports social enterprises and charities struggling for finance in a difficult economic climate, while also facing increased demand for their services.
The investment aims to support female-led enterprises and bolster climate resilience across Africa, as part of a broader mission to drive sustainable economic growth, job creation, and financial inclusion in developing markets.
The fund is targeting £200m and plans to build sustainable and affordable homes in Greater Manchester for essential workers being priced out of the region’s booming housing market.
The guarantee will support the expansion of KOKO Networks which supplies bioethanol-based cookstoves and fuel to low-income households, helping to replace charcoal and wood with a cleaner alternative.
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