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The State of ClimateTech in Africa 2.0 is a report by FSD Africa and partners that analyzes the evolution of the African ClimateTech ecosystem between 2016 and 2025. Moving beyond aggregate funding totals, the report employs a new application-led taxonomy and an adapted Carlota Perez techno-economic framework to demonstrate that African ClimateTech is not a single market but a collection of applications maturing at different speeds. It highlights deep concentrations of capital in the Energy and Mobility sectors and identifies critical financing gaps—particularly in early-stage equity and working capital—that constrain the growth of asset-heavy and adaptation-focused ventures.