Africa’s plethora of impactful initiatives, innovative financing and a climatetech surge!
Africa’s plethora of impactful initiatives, innovative financing and a climatetech surge!
a QCX Africa publication
Hi QCX People!
From energy infrastructure and fintech to climatetech, there's a plethora of impactful initiatives ripe for involvement with potential for significant returns across the African continent.
Today we’re highlighting some interesting initiatives and discussions, and as always some tips to take full advantage them for your activities in Africa.
☀️ Discovery’s green light for energy investment (Moneyweb)
Why it actually matters: South Africa’s incessant electricity crisis has intensified over the years. Discovery Green lights a beacon of hope with prospective cost savings as well as an enticing opportunity for investors in impactful initiatives.
Summary: JSE-listed financial services group Discovery, has launched a new initiative ‘Discovery Green’ to support the provision of renewable energy to South Africa’s public sector, a move that is expected to stimulate investment of between R20bn to R25bn in the country’s energy infrastructure. The initiative aims to offer cost savings for public entities and a reduction in South Africa's carbon footprint.
Marketing insight: This initiative aligns with the global push towards sustainability, allowing companies to elevate their brand by associating with environmentally conscious projects.
🗝️ Innovative finance, Africa's key to achieving SDGs (AllAfrica)
Why it actually matters: Entrepreneurs face obstacles in accessing capital for both social impact and profit gain. Unifying experts are crucial to identify scalable sector opportunities and to explore innovative financing models.
Summary: At the U.S.-Africa Summit, the United Nations report that climate, conflict, economy, and COVID-19 as setbacks for African development. Experts were discussing innovative finance, philanthropy, and blended finance to boost SME investment and tackle challenges.
Marketing insight: This shift from a one-size-fits-all approach to a more nuanced, context-specific marketing strategy could be the linchpin for building successful, enduring brands in Africa. It's an invitation to innovate, to resonate, and to be part of Africa's vibrant and burgeoning business narrative.
🌍 Climatetech surge in Africa (Ventureburn)
Why it actually matters: Facing urgent climate challenges, Africa's growing focus on climatetech presents businesses with opportunities for investment, market expansion, collaboration, and sustainability.
Summary: AfricArena Nairobi Summit, focused on climatetech start-ups in Africa, reveals over $3b raised since 2019. Rapid investment growth supports innovation beyond clean energy to waste and water solutions. With 22+ venture capital funds backing these initiatives and partnerships with international entities, Africa positions itself as a hub for climatetech, promoting sustainability and economic development.
Marketing insight: Global businesses who get involved in these innovations in Africa can position themselves as pivotal players in the global effort to combat climate change, fostering a reputation for corporate responsibility and foresight.
This post was created in collaboration with Sam Townsend and Nasreen Ally.
Share your thoughts, we’d love to hear from you! 🔥
Fact: ‘Q’, ‘C’ and ‘X’ are the English denotations for the 3 most common linguistic clicks in African languages. If you can say all three clicks, three times in a row fast, you can legally call yourself African.
