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Q&A: Africa’s $40B Market for Cooking Fuel Is Being Cleaned Up
KOKO Networks is stepping into Africa’s $40 billion market for household cooking fuel with its non-polluting bioethanol cooking technology that undercuts the cost of using charcoal by as much as 40%, Greg Murray, chief executive and co-founder of the Nairobi-based company, told BloombergNEF in an interview.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- clean energy, energy access, interviews, Q&As
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Storytelling as a Strategy: What Entrepreneurs Can Gain from Crafting a Compelling Narrative
As Steven Spielberg once said, cinema’s power of persuasion is shown by getting “everybody to clap at the same time.” Likewise, successful entrepreneurs must also tell stories with persuasion and purpose, says Ami Dalal at FINCA Ventures. She explores how effective storytelling can help an enterprise build its brand and attract investors, customers and talent, and shares two essential approaches to help early-stage companies craft compelling narratives.
- Categories
- Energy, Entrepreneurship, Investing, WASH
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Press Release: BioLite and Mercy Corps Launch Emergency Energy Fund
“Cooking, charging, and lighting are three of the most critical energy needs in any off-grid environment,” said BioLite CEO Jonathan Cedar. “By providing these resources in the aftermath of a crisis, you are helping families say safe, supported, and connected when they need it most.”
- Categories
- Energy
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The Land of Opportunity for Off-Grid Solar
Consolidation is picking up in Africa’s off-grid renewables market, where big investors like Engie are betting on the electricity consumers of the future.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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PEG Africa Raises $5M in Debt Funding From ElectriFI
PEG Africa currently provides 400 000 daily users in Ivory Coast, Ghana and Senegal with credit for solar home systems via its pay-as-you-go financing model.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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BBOXX Closes US$50 Million Funding Round Led by Mitsubishi
Mansoor Hamayun, CEO and co-founder of BBOXX, said: “The funding is further evidence of Japanese interest in Africa and in PAYG solar energy globally. Mitsubishi Corporation’s extensive reach, sector specific and technological expertise will help us to reach more people without reliable access to modern utilities and services at even greater scale.
- Categories
- Energy
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$40M Palladium Impact Fund to Focus on Agribusiness, Off-Grid Clean Energy
A $40-million fund launched last week by Australia-based global impact firm Palladium aims to invest in agribusiness value chains and off-grid clean energy ventures in Ghana, Kenya and Nigeria.
- Categories
- Agriculture, Energy, Investing
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The Planetary Potential of Banishing Kerosene Lighting – And How Entrepreneurship Can Help
Kerosene lamps are still used by hundreds of millions of people in sub-Saharan Africa. They contribute to climate change by releasing not only CO2 but also black carbon, an especially potent greenhouse gas. What's more, they exact a grim human toll, from burns and fires to toxic smoke and poisoning hazards. Alicia Oberholzer and Fid Thompson at Solar Sister call for an end to kerosene lighting, and highlight how women's entrepreneurship can make it happen.
- Categories
- Energy, Entrepreneurship
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