KawiSafi II (GCF-FP210)

Countries
  • Congo, Democratic Republic of
  • Ivory Coast
  • Kenya
  • Nigeria
  • Rwanda
  • Uganda
  • Zambia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 13, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Acumen Fund, Inc.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Industry and Trade
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 52.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 2.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 210.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Other Related Projects
Primary Source

Original disclosure @ GCF website

Updated in EWS Jul 20, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the GCF, the KawiSafi II project will create a USD 200 million venture equity fund aimed at closing the investment gap in three key areas where sub-Saharan countries struggle to find investors: energy transition, productivity, and mobility & logistics. Standing on the shoulders of the first KawiSafi project, the fund will invest in local enterprises developing scalable climate action projects to the benefit of climate-endangered African communities. Beyond funding, KawiSafi II will establish a USD 10 million technical assistance facility to enable these entities to maximise their climate impact while ensuring the implementation of robust management systems to address any potential environmental, social and governance risks that may arise.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

According to Bloomberg, Acumen Fund, Inc. operates as an investment company focusing on smaller companies. They provide seed and early-stage investments to bring products to market and begin to scale. The Organization raises patient capital that allows long-term debt and equity investments within agricultural inputs, education and clean energy.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Acumen Fund Client Finance

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Financial Intermediary - Acumen Fund, Inc.:

Website: https://acumen.org/

Ms. Lynn Roland - General Counsel
Phone: +1 (212) 566-8821
Email: lroland@acumen.org

Ms. Katherine Montgomery - Director of Business Development, Government Partnerships
Phone: +254 716 252 802
Email: kmontgomery@acumen.org

National Agencies Involved:

Ivory Coast - Minister's Office, Ministry of Environment and Sustainable Development:

Address: Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Abidjan, Cote d'Ivoire

Mr. Marcel Yao - Public Policy, Climate Change and Ecological Transition Expert / Technical Advisor to the Minister in charge of International Cooperation and Resource Mobilization
Phone: +225 0707791504 / +225 2720239900
Email: ensamarcel@yahoo.fr / yaomarcelclimat@gmail.com

Mr. Kouadio Philippe - Deputy Director of Climate Change
Phone: +225 07924334
Email: k.kouadio@environnement.gouv.ci / kumasphil@gmail.com

Democratic Republic of Congo - National Coordination of the Green Climate Fund:

Prof. Isaac Kalonda Kanyama - National Coordinator and GCF Focal Point for the Democratric Republic of the Congo
Phone: +243826631495
Email: isaac.kalonda@medd.gouv.cd / ikkanyama@outlook.com

Ms. Francine Katanga Mutanda - Deputy GCF Coordinator
Email: francinek24@gmail.com 

Kenya - The National Treasury:

Dr Chris Kiptoo - Principal Secretary
Address: Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Phone: +254 20 224 0051
Email: pstnt@treasury.go.ke

Mr. Malik Aman - Ag. Head, Climate Finance & Green Economy Unit
Phone: +254 720 771774
Email: malikaman@me.com

Mr. Hillary Korir - Senior Economist
Phone: +254 722 644736
Email: hillary.korir@treasury.go.ke

Nigeria - National Council on Climate Change:
 
Dr. Salisu Dahiru - Director General
Address: Headquarters Mabushi, Abuja, Nigeria
Phone: +234 8030570625
Email: salisu.dahiru@natccc.gov.ng / sdahiru85@gmail.com
 
Rwanda - Rwanda Environment Management Authority:
 
Mrs. Juliet Kabera - Director General
Phone: +250 788 514 577
Email: jkabera@rema.gov.rw / mdukuze@rema.gov.rw / daliedukuze@gmail.com
 
Uganda - Ministry of Finance, Planning and Economic Development:
 
Mr. Ramathan Ggoobi  - Permanent Secretary / Secretary to the Treasury
Phone: +256414707135
Email: ramathan.ggoobi@finance.go.ug
 
Mr. Andrew Masaba  - Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Phone: +256 782 177 125 / +256 414 707 161
Email: andrew.masaba@finance.go.ug / Juvenal.Muhumuza@finance.go.ug / Isaac.Katabalwa@finance.go.ug
 
Zambia - Ministry of Green Economy and Environment:
 
Mr. Francis Mpampi  - National Coordinator
Address: P.O. Box 50555, Corner of John Mbita and National, Lusaka, Zambia
Phone: +260 21 1 252625
Email: francis.mpampi@ndazambia.gov.zm
 
Mr Akabiwa Nyambe
Email: akabiwa.nyambe@ndazambia.gov.zm

ACCESS TO INFORMATION

Requests for project information may be submitted using the IDP Request for Information by email to: disclosure@gcfund.org.

You can also submit an information request using this online form: https://www.greenclimate.fund/about/disclosure/form.  Additionally, if information requested is denied, an appeal can be filed to the Information Appeals Panel: iap@gcfund.org.  You can learn more about the Information Appeals Panel at: https://www.greenclimate.fund/about/disclosure/appeals.

ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND 

The Independent Redress Mechanism (IRM) addresses complaints by people who believe they are negatively affected or may be affected by projects or programmes funded by the Green Climate Fund (GCF). The complainant can raise issues related to any of GCF’s policies and procedures, including those relating to social and environmental issues, indigenous peoples, gender, and information disclosure, among others. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating problem solving or conducting a compliance process. You can learn more about the Independent Redress Mechanism and how to file a complaint at https://irm.greenclimate.fund/.

You can access a video about the IRM (English) at: https://youtu.be/1LanbriVhfs.

A brochure about the IRM can be accessed in English, French, Spanish, Portuguese, Arabic, Mandarin, Mongolian, Vietnamese, Russian, Ukrainian, Korean, German, and Kiswahili at: https://irm.greenclimate.fund/.

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