Tuesday
September 23
2025

Jacqueline Novogratz and Acumen Raise $300 Million For Off-Grid Solar In Africa

By Christopher Helman,

The average American household uses 11,000 kilowatthours of power each year. And yet around the world half a billion people still live without electricity. The deprivation is most acute in sub-Saharan Africa; where according to the World Bank only 16% of people in Malawi, 22% in Burkina Faso and 36% in Sierra Leone can turn the lights on.

Source: Forbes (link opens in a new window)

Categories
Energy, Social Enterprise
Tags
business development, climate change, development finance, energy access, global development, impact investing, off-grid energy, startups, sustainable finance