The headline number is never the whole story.

Green Ledger Africa reads the climate balance sheet; where the capital actually goes, who it reaches, and what the aggregates leave out.

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Climatetech funding rebounded in 2025, but concentration into a few large raises, not breadth, drove it.

Source · TechCabal Insights

Public capital still carries the sector. Private money can’t yet price African risk.

Source · Climate Policy Initiative

Africa’s annual climate finance need. Tracked flows meet only a fraction of it.

Source · Climate Policy Initiative

3:1–5:1

The return on adaptation. Resilience is an asset class, not charity.

Source · AAAP evaluation