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AFC and d.light Achieve Off-Grid Solar Industry Milestone with Full Repayment of Senior Debt for $110 Million Securitization Facility
AFC’s groundbreaking USD$110 million securitization vehicle, BLK1, the first securitization instrument for Pay-As-You-Go solar home systems, has achieved a full exit for its senior lenders months ahead of schedule.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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South Africa’s Hohm Energy Raises $8 Million to Drive Solar Revolution
Hohm Energy will accelerate the adoption of rooftop solar in South Africa by investing in its new cutting-edge climate fintech strategy.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Press Release: D.light and Chapel Hill Denham Close $7.4 Million in Securitized Financing to Fund Off-Grid Solar Expansion in Nigeria
A new financing facility provided by the Nigeria Infrastructure Debt Fund (NIDF) will open up access to affordable clean energy in Nigeria.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Arnergy, Which Provides Solar Power Systems to Homes and Businesses in Nigeria, Raises $3 Million
Arnergy was launched as a provider of sustainable energy services intended to deliver clean and reliable energy for businesses or homes.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Klick Foundation Pledges $850 Million to Cut Carbon Emissions in Ghana
The initiatives also promise substantial health benefits, particularly for women and children, and further advance Ghana's innovation ecosystem.
- Categories
- Energy, Health Care, Technology
- Region
- Sub-Saharan Africa
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Press Release: Report: World Bank Urges Action for Gender Equality in Artisanal and Small-Scale Mining
The report advocates for gender-responsive legislation to safeguard women’s rights in mining and build a more sustainable sector.
- Categories
- Energy, Health Care, WASH
- Region
- Global
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Press Release: IFC and SIMA Launch $150 Million Solar Green Bond for African Solar Developers alongside Finland and GEAPP
IFC, a member of the World Bank Group, in partnership with Social Investment Managers and Advisors LLC and other financiers have reached the first close of a $150 million solar green bond, which will finance productive-use solar projects throughout Africa.
- Categories
- Energy, Environment, Investing
- Region
- Sub-Saharan Africa
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Uganda-Based Electric Cooking Startup PowerUP Announces Successful Initial Close of its Seed Round
PowerUP is at the forefront of transforming cooking habits in Africa, introducing households to a new era of clean and efficient electric cooking.
- Categories
- Energy, Health Care, Technology
- Region
- Sub-Saharan Africa