NextBillion - A WDI Publication

COMESA, World Bank Announce $50 Million Energy Access Initiative

The program will engage specialized local and international firms and private investors to provide technical services.

Source

Energy Capital & Power (link opens in a new window)

Categories

Energy, Technology

Region

Sub-Saharan Africa

Tags

energy access, off-grid energy, renewable energy

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.

Source

Sun-Connect (link opens in a new window)

Categories

Energy, Technology

Region

Sub-Saharan Africa

Tags

off-grid energy, PAYGO finance, renewable energy, solar

Analysis: Swedfund Invests $5 Million in Bridge Bank Microfinance to Enhance Financial Inclusion in Côte D’Ivoire

BBM has expressed its intention to narrow the market gap by tailoring its offerings specifically to women entrepreneurs and MSMEs led by women.

Source

Innovation Village (link opens in a new window)

Region

Sub-Saharan Africa

Tags

development finance, employment, financial inclusion, lending, microfinance, MSMEs, women entrepreneurs

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.

Source

Tech Build Africa (link opens in a new window)

Categories

Energy, Technology

Region

Sub-Saharan Africa

Tags

energy access, fintech, renewable energy, solar

Afdb Grants $7 Million Trade Finance Guarantee to Access Bank DRC to Support SMEs

The African Development Bank will now be able to provide up to a 100% guarantee to confirming banks for the non-payment risk from the confirmation of letters of credit.

Source

Further Africa (link opens in a new window)

Categories

Finance

Region

Sub-Saharan Africa

Tags

international trade, lending, MSMEs

Varaha Raises $8.7 Million to Help Smallholders in Asia & Africa Transition to Climate-Friendly Farming Methods

India-based Varaha has raised $8.7 million in Series A funding for its full-stack climate tech that measures and quantifies carbon sequestration and emissions reduction for regenerative agriculture, afforestation and biochar projects.

Source

AgFunderNews (link opens in a new window)

Categories

Agriculture, Technology

Region

Sub-Saharan Africa

Tags

agtech, climate change, decarbonization, smallholder farmers

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.

Source

Zawya (link opens in a new window)

Categories

Energy, Technology

Region

Sub-Saharan Africa

Tags

infrastructure, off-grid energy, renewable energy, scale, sustainable business

Ox Delivers Shifts up a Gear with £1.2 Million Energy Catalyst Grant for Clean Transport in Africa

The grant will specifically support the development of a sustainable energy infrastructure in Rwanda.

Source

TechFundingNews (link opens in a new window)

Categories

Transportation

Region

Sub-Saharan Africa

Tags

business development, infrastructure, MSMEs, renewable energy, startups