Compact with Africa Green Business Fund

The Compact with Africa – Green Business Fund (CwA-GBF) helps small and medium enterprises (SMEs) in Africa access climate finance to adopt and scale climate solutions.

Low-carbon growth in African countries can be achieved through green and inclusive approaches to development. Yet, a lack of financing often hinders climate-smart initiatives.

To overcome this challenge, the Compact with Africa with Africa – Green Business Fund supports SMEs to:

create an enabling environment for private investment in climate-smart initiatives.
build local capacity.
establish innovative climate finance models that attract climate finance for local green businesses.

What does the fund do?

Generates policy dialogue and creates an enabling enviornment

The fund supports informed policy discussions with governments, the private sector, and the global community to understand and remove barriers to private investment in climate-smart SMEs.

Builds capacity and provides technical assistance

The program enhances the skills and knowledge of public and private actors on climate change, thereby empowering them to build businesses fit-for-purpose for a changing climate, and attracting new players to the climate-smart SME market.

Designs and implements innovative finance instruments

The fund aims to reduce the financing gap by leveraging private capital to support transformative climate action among SMEs.

What impact does the fund have?

The CwA Green Business Fund priorities are aligned with World Bank’s Next Generation Africa Climate Business Plan for transformational climate action on the continent.