News Finances

EIB Invests $60mln in LeapFrog to Support Green Tech in Africa and Asia

EIB Invests $60mln in LeapFrog to Support Green Tech in Africa and Asia
Thursday, 24 April 2025 06:07

• European Investment Bank commits $60 million to LeapFrog Investments to expand access to green tech in emerging markets
• The funding targets companies offering eco-friendly solutions in energy, transport, food, and housing
• Move is part of a broader $500 million plan to tackle climate change in Africa and Asia

The European Investment Bank (EIB) has pledged $60 million to LeapFrog Investments to help scale up green technologies across Africa and Asia. The investment aims to bring more eco-friendly tools and services to people in emerging markets, with a focus on energy, transport, food, and housing.

This move is part of a wider push to support businesses that offer practical solutions for reducing carbon emissions and building climate resilience. The goal is to give more households access to sustainable products while also backing the global effort to slow climate change.

LeapFrog’s approach targets the fast-growing middle class in developing countries—roughly four billion people—whose needs are rising alongside concerns over environmental impact. Without proper investment in cleaner alternatives, these markets could drive a surge in emissions that would wipe out progress made in other parts of the world.

A 2023 report from LeapFrog, Temasek, and the Consultative Group to Assist the Poor (CGAP) shows that South Asia, Southeast Asia, and Africa already account for 25% of the world’s greenhouse gas emissions. If no action is taken, that number could hit 73% by 2050.

“The world’s four billion consumers in emerging markets constitute half of humanity – they have every right to rise but, without green tools and technologies, their total emissions will blow through the world’s carbon budget,” said Dr. Andy Kuper, CEO of LeapFrog Investments.

The EIB investment is part of a $500 million initiative to accelerate climate action in emerging markets. The program brings together global players such as the International Finance Corporation (IFC), Singapore’s Temasek, and Swiss development finance institutions.

This effort aligns with the European Union’s Global Gateway strategy, which aims to boost innovation, sustainable development, and green growth around the world—especially in regions most vulnerable to climate shocks.

 
 
On the same topic
EBRD, EU, GCF, and Canada plan €65 mln ($77 mln) green loan for Crédit du Maroc. Funds to support clean energy, water treatment, and sustainable...
World Bank projects Ivory Coast could achieve 7-8% average annual growth with fiscal mobilization above 15% of GDP. Ivory Coast's tax revenue...
• NSIF denies rumors of interest in buying Chococam, saying it is focused on other projects.• Cadyst Invest, linked to Célestin Tawamba, is rumored to...
• AXA sells 80% of AXA Crédit Morocco to Stellantis’ Fidis arm• Stellantis to offer bundled car sales, financing, and insurance• Move aligns with...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
03

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
04

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
05

Even though it remains the smallest "crypto-economy" in the world, sub-Saharan Africa shows that vir...

Sub-Saharan Africa Crypto Transactions Up 52% to $205B on Inflation, Inclusion Push
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.