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Where’s the Capital for Home-Grown Companies? Why Energy Access Investments in Kenya Need to Go Local
So far this year, 75% of global investment commitments in off-grid solar technology have gone to just three companies — a troubling trend since 2012. And as Kevin Johnstone at the International Institute for Environment and Development points out, many of the founders of the biggest solar companies are North American or European. Focusing on Kenya, he explores why the energy access sector needs more businesses founded, managed and run by local entrepreneurs, and what needs to be done to align investors and capital markets with Kenyan investment opportunities.
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SunCulture Wants to Turn Africa Into the World’s Next Bread Basket, One Solar Water Pump at a Time
The world’s food supply must double by the year 2050 to meet the demands of a growing population, according to a report from the United Nations. And as pressure mounts to find new crop land to support the growth, the world’s eyes are increasingly turning to the African continent as the next potential global bread basket.
- Categories
- Energy, Social Enterprise
- Region
- Sub-Saharan Africa
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Lack of Capital is Just the Beginning: Why Roof-Top Solar is Facing Greater Challenges Than Many People Think
The solar energy sector is dynamic and growing – but as Rik Teeuwen at Footlight International points out, it's also unsettled, as off-grid solar players navigate challenges ranging from lack of finance to inconsistent regulation. In light of those issues, he pushes back on the argument, expressed by candi solar CEO Philippe Flamand on NextBillion earlier this year, that rooftop solar is a “no-brainer” for micro, small and medium enterprises. The truth, he says, is far more nuanced.
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African Development Bank Launches $50 Million Facility to Support Energy Businesses in Africa
The African Development Bank (AfDB) board of directors has approved a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) to establish the COVID-19 Off-Grid Recovery Platform (CRP).
- Categories
- Coronavirus, Energy, Investing
- Region
- Sub-Saharan Africa
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Press Release: Panda Partners With Lion’s Head Global Partners
Solar Panda Corporation, a company selling PAYGo solar home systems in Kenya, has secured a loan from FEI-OGEF, the African Development Bank’s flagship Off-Grid Energy Access Fund managed by Lion’s Head Global Partners. OGEF becomes a new syndicate lender, augmenting an existing $15 million framework deal with Lendable.
- Categories
- Energy
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Zambian Startup Widenergy Raises New Funding to Scale Its Impact
Zambian startup WidEnergy, a woman-led for-profit social enterprise dedicated to female empowerment and the expansion of affordable energy access, has raised a new round of funding to help scale its impact.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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State Plans to Police Solar Industry with Tough Rules in Kenya
The government plans to widen surveillance of the solar industry. The move has seen the State introduce new requirements for industry players including technicians, manufacturers of equipment and traders.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- energy access, governance, solar
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Press Release: Bboxx Secures Loan With FEI OGEF to Accelerate Energy Access in the Democratic Republic of Congo
Bboxx, a next generation utility, has secured a $4 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), a debt fund managed by Lion’s Head Global Partners (LHGP).
- Categories
- Energy
- Region
- Sub-Saharan Africa