S1 E03
Episode 3. Building Climate Resilience Through Capital | Voices & Visions

Episode info

In episode 3 of Voices & Visions, host Ivana Heijnen speaks with Victor Ndiege, CEO of Kenya Climate Ventures, a climate-focused fund supporting early-growth businesses building climate resilience across African markets.

Drawing from two decades across development finance, impact investing, and enterprise growth, Joseph unpacks the realities behind climate capital deployment and the structural challenges shaping investment across the continent.

The conversation explores:
Climate adaptation financing and why it remains significantly underserved.
Patient capital, local currency investing, and the importance of financing structures built around business realities.
The role SMEs play in employment, innovation, and long-term economic resilience.
What investors often misunderstand about risk in African markets.
The importance of supporting entrepreneurs beyond capital alone through governance, operational support, and long-term partnership.
Women-led enterprises, resilience, and the overlooked drivers of sustainable growth.

Produced by Tutto Passa Agency, in partnership with Tech Cabal.

Victor Ndiege

Victor Ndiege is Chief Executive Officer of Kenya Climate Ventures (KCV), a specialised climate-focused fund manager and impact investor licensed by the Capital Markets Authority of Kenya (CMA). He leads the firm’s strategy, partnerships, and investments across sectors including climate-smart agriculture, renewable energy, water, forestry, and the circular economy, deploying catalytic capital to early and growth-stage climate-smart enterprises across Africa.

Operating at the intersection of climate finance, enterprise growth, and impact investing, Victor brings deep experience in managing catalytic funds and scaling climate-smart solutions across emerging markets. Originally from Mbita in Homa Bay County along the shores of Lake Victoria, and now based in Nairobi, he has led regional investment initiatives at organisations including AECF and KPMG Advisory Services, overseeing multimillion-dollar climate and resilience funds across Africa and Asia. His perspective is grounded in enabling SMEs to drive resilience, create jobs, and accelerate inclusive economic growth through commercially viable climate innovation.

Kenya Climate Ventures: https://kcv.co.ke/
Victor Ndiege (LinkedIn): https://www.linkedin.com/in/george-odo-16ab6615/

Top Shorts#

What Kenya Climate Ventures Does
00:01:06
Victor’s Career Journey Into Climate Finance
00:02:17
What Catalytic Financing Means
00:03:56
Impact Investing vs. Philanthropy
00:05:14
Measuring Impact Beyond ROI
00:08:25
Climate Adaptation vs. Mitigation
00:10:26
Patient Capital & Fund Structure
00:13:38
Why Local Currency Investing Matters
00:16:35
Debt, Equity & Blended Finance Models
00:18:14
The “Missing Middle” in SME Financing
00:22:35
Kenya Climate Ventures Fund Evolution
00:25:15
What a Revolving Risk Capital Facility Is
00:26:14
Climate Adaptation Is Massively Underfunded
00:28:32
Foreign Investor Misconceptions About Africa
00:29:42
Africa’s SME Economy & Financial Architecture
00:34:27
Investor Requirements vs. Entrepreneur Reality
00:36:56
Handholding, Partnerships & Portfolio Support
00:40:14
Why Picking Winners Doesn’t Build Markets
00:44:34
Women-Led Climate Businesses & Gender Lens Investing
00:48:14
Supporting Women Entrepreneurs Beyond Capital
00:54:04
Youth Entrepreneurship & Perceived Risk
00:57:04
Changing Investor Mindsets in Africa
01:01:08
What Kenya Really Represents
01:01:48