Acumen closes $70m impact fund for clean energy in Africa

World News: . []

Jacqueline Novogratz’s impact investing group closed an almost $70-million fund to back companies delivering affordable and renewable energy to mostly poor consumers in East Africa. KawiSafi Ventures seeks to bring clean energy to ten-million people with investments in fast-growing companies while also making competitive returns, according to a statement Tuesday from Acumen, a New York-based nonprofit founded by Novogratz. Early investors in the fund include TED curator Chris Anderson, the Skoll Foundation, venture capitalist Steve Jurvetson and the Green Climate Fund.

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