2023 Africa Climate Tech 50

The Africa Climate Tech 50 is HolonIQ’s annual list of the most promising startups working in new energy, the environment and sustainability.

The Africa Climate Tech 50 is focused on identifying young, fast growing and innovative climate tech start-ups across Africa. Powered by data and insights from our Impact Intelligence Platform together with qualitative assessments by HolonIQ’s Intelligence Unit, and local market experts in each region, organizations are evaluated and scored based on our eligibility and assessment criteria.

‍Exhibit 1

Download the Market Map. Companies are categorized by their main area of focus following the globalclimatelandscape.org

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HolonIQ’s 2023 Africa Climate Tech 50 is aligned to the Global Climate Landscape, an Open-Source Taxonomy that maps the global climate tech economy.

Exhibit 2

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Given that the African region faces significant challenges in accessing international finance, the region secured the least in terms of VC funding in the Climate Tech landscape. However, the Africa Climate Tech 50 list, although not evenly distributed, included almost all sub-sectors, mirroring the Nordic region where the sole exception was the absence of startups in the Biosphere subsector. Renewables followed by Circular Economy and Food Systems represented 70% of the list. Moreover, South Africa and Kenya were found to be leading the African Climate Tech landscape.

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