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An Under-Recognized Obstacle to Solar Access in Africa: The Impact of Foreign Exchange Risk — And How to Mitigate It
Solar energy businesses are rapidly gaining traction in Africa, driving economic growth, improving living standards and supporting the transition to a low-carbon future. But Yariv Cohen at Ignite Power highlights an under-recognized barrier facing the sector: foreign exchange risks. He explores the impacts that volatile exchange rates can have on two common types of solar projects in Africa, and shares some of the strategies that have emerged to mitigate these risks.
- Categories
- Energy, Environment, Investing, Technology
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EcoSecurities and Kenya Private Sector Association Announce Strategic Partnership to Boost Catalytic Carbon and Climate Finance
The strategic partnership will scale carbon finance for sustainable development whilst rapidly expanding decarbonisation efforts across Kenya.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Off-Grid Solar Energy: Huge Opportunity for Rural Healthcare
While securing electricity access has previously required a one-off product procurement, Energy-as-a-Service now offers a viable and accessible way to meet – and crucially – maintain off-grid health facilities’ long-term energy needs.
- Categories
- Energy, Health Care
- Region
- Sub-Saharan Africa
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United States and Sierra Leone Sign Compact to Transform Energy Sector
The grant will substantially improve the operation of the electrical grid and increase the availability of affordable and reliable electricity for households, businesses, and social institutions – without adding to the country’s debt burden.
- Categories
- Energy
- Region
- Global
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Press Release: DFC Announces More Than $1.8 Billion in Investments and New Initiatives at U.N. General Assembly
Several new DFC transactions and initiatives were announced by DCEO Biswal during the U.N. General Assembly.
- Categories
- Energy, Environment, Investing, Technology
- Region
- Global
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National Bank of Malawi Plc Secures Landmark US$100 Million Financing Facility From Afreximbank to Support Trade Finance
The US$100-million AFTRAF agreement represents the largest AFTRAF facility ever to be extended by Afreximbank in Malawi.
- Categories
- Agriculture, Energy
- Region
- Sub-Saharan Africa
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Brookfield Raises $2.4 Billion for Emerging Markets-Focused Climate Transition Fund
CTF aims to deploy capital into clean energy and transition assets in emerging markets in South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Funding the Fight Against the World’s Oldest Fuel Source: How New Financing Mechanisms in Clean Cooking Can Succeed Where Grants Have Failed
The use of biomass fuel for cooking has remained consistent over the centuries, despite the development sector's efforts to scale global access to clean cookstoves. As Paul Ronalds at Save the Children Global Ventures argues, a key reason for this failure is the estimated $5.5 billion annual funding gap facing clean cooking initiatives — a gap that traditional sources of finance, like private donations and government grants, have been unable to fill. He discusses several funding solutions, including carbon credits, that could help the clean cooking sector finally end the era of biomass fuel.
- Categories
- Energy, Environment, Investing, Technology
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