Financing the Future: How Off-Balance-Sheet Special Purpose Vehicles Could Fund Africa’s Cleantech Transition
June 10, 2026
Across Africa, founders are tackling some of the world’s most difficult development challenges with cleantech solutions that require significant capital expenditure. But according to Julia Lawson-Johns, and Amar Inamdar at KawiSafi Ventures, beneath this wave of innovation lies a capital architecture that is still too shallow to enable the scale these firms now require. They argue that off-balance-sheet financing via special-purpose vehicles could provide cleantech enterprises with an alternative means of securing upfront liquidity to finance growth, and explore how these vehicles could power Africa’s cleantech transition.
