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Funding for Climate-Tech: Kenyan startup SunCulture has secured $5 million from WaterEquity to expand its solar-powered irrigation systems for smallholder farmers in Sub-Saharan Africa, marking a significant investment in climate-smart agriculture.
Impact on Agriculture: The investment aims to improve irrigation access for over 33 million farmers reliant on rain-fed agriculture, helping them increase yields, stabilize food supply, and reduce reliance on environmentally harmful diesel pumps.
Expansion Plans: With the new funding, SunCulture plans to scale its operations beyond Kenya into countries like Uganda, Ethiopia, and Ivory Coast, while refining financing models to reach low-income communities vulnerable to climate impacts.
Broader Trends in Climate-Tech: The deal reflects a growing trend of African climate-tech startups attracting larger investments, highlighting the importance of innovative financing models in making modern agricultural technologies accessible to smallholder farmers.
