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Jacqueline Novogratz and Acumen Raise $300 Million For Off-Grid Solar In Africa
Backers include Green Climate Fund, IFC, Shinhan Bank, Nordic Development Fund and Soros Economic Development Fund.
- Categories
- Energy, Social Enterprise
- Region
- Sub-Saharan Africa
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Kenya’s eBee Lays off Employees Across All Departments in Major Restructuring
"The layoffs reflect broader challenges facing Kenya’s e-mobility sector, where riders are opting for cheaper electric motorbikes over eBee’s bicycles . . ."
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, failure, scale, startups
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KawiSafi Announces $90 Million in Approved Capital to Accelerate Climate Solutions Across Africa
With backing from the African Development Bank, the Green Climate Fund, the Schmidt Family Foundation, and the Quadrature Climate Foundation, Acumen’s second KawiSafi fund marks the next chapter for the climate-resilient growth platform developed by Acumen.
- Categories
- Energy, Environment, Investing
- Region
- Sub-Saharan Africa
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IFC Seeks $300 Million to Fund Electricity Mini-Grids in Africa
The International Finance Corp. is setting up an entity aimed at lowering the cost of mini grids in Africa, to accelerate plans to connect 300 million Africans to electricity by 2030.
- Categories
- Energy, Finance, Technology
- Region
- Sub-Saharan Africa
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MOPO Secures £5 Million Investment From Norfund to Expand Clean Energy Access Across Africa
MOPO operates a pay-per-use battery rental system that delivers clean and dependable energy to households and businesses through solar charging hubs managed by local agents.
- Region
- Sub-Saharan Africa
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Ze-Gen and Clasp Announce Strategic Partnership to Drive Quality and Accelerate Innovation in Solar Generators
ZE-Gen and CLASP will launch a new international Solar Generator competition with $100k in innovation prizes under the Global LEAP Awards.
- Categories
- Energy
- Region
- Global
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Kenya’s SunCulture Raises USD $5 Million to Scale Solar-Powered Irrigation in Africa
SunCulture offers solar-powered irrigation pumps, providing smallholder farmers with a sustainable and affordable alternative to diesel or manual systems.
- Categories
- Agriculture, Energy, Investing, Social Enterprise, WASH
- Region
- Sub-Saharan Africa
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New Coalition Formed to Power Food Systems with Clean Energy
A newly established multi-stakeholder alliance — the Agri-Energy Coalition — is launching to address critical challenges at the intersection of agriculture and energy in low to middle-income countries.
- Categories
- Agriculture, Energy