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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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Press Release: Pan-African Micro-Utility PowerGen Acquires Rafiki Power (E.ON Off-Grid Solutions) From E.ON
The combination of two market-leading micro-grid companies reflects growing momentum in the sector.
- Source
- Press release
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Smart Gas Cooking Seeks to Break African Cities’ Dirty Charcoal Habit
So far, efforts to introduce cleaner stoves that burn less fuel have been led mainly by aid agencies working in rural parts of Africa and Asia - and have had limited success. But a new push by businesses targeting urban areas aims to shift the dial.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Mercy Corps, MTN Liberia Launch Mobile Payment for PayGo Solar Systems
PayGo enables households to buy quality solar systems and pay in installments instead of outright upfront payment. So far, partner private sector distributors have installed over 1,100 pay as you go systems, improving the lives of rural dwellers, particularly those with children of school-going age.
- Region
- Sub-Saharan Africa
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Africa Is Awash In Sunshine – Energy That Will Help Empower The Continent
“Africa is not burdened with telecom lines and as a result, it went straight to mobile communications,” says Chris Kemper, chief executive of Palmetto, a clean energy and social-impact company, in a talk with this writer. “The same thing can be said for clean energy and clean technology.”
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy
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Namibia Announces $338 Million, 5-Year Renewable-Energy Strategy
The country, which is the driest in sub-Saharan Africa and has more than 300 days of sunshine a year, “stands to benefit as the worldwide boom in the solar market results in reduced costs and improved efficiency of solar photovoltaic panels and related equipment,” Haulofu said.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy
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