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FSD Africa, a Nairobi-based specialist development agency, has awarded a £100,000 catalytic grant to support Miarakap and the MITSIRY Biodiversity and Climate Fund (MBCF).
Miarakap is a Madagascar-based impact investment platform that manages MBCF. The fund is a blended finance vehicle focused on financing climate- and biodiversity-aligned small and growing businesses in Madagascar, Comoros and Mozambique.
FSD Africa said the grant will support MBCF to establish an investment platform and develop a pipeline in Mozambique. It will cover recruitment of a locally based investment manager, regulatory and structuring work, pipeline and ecosystem development, and direct field engagement with climate- and biodiversity-aligned enterprises.
According to FSD Africa, Mozambique holds significant entrepreneurial potential across sustainable agriculture, forestry, fisheries, and climate resilience. Yet one of the biggest constraints remains the absence of an investment-ready pipeline and locally embedded early-stage investment capacity.
The grant complements FSD Africa Investments’ recent $5 million investment approval into the wider MBCF fund.
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