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M-KOPA Raises $75 Million as It Clocks 2 Million Customers Across Four African Markets
A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked.
- Region
- Sub-Saharan Africa
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Analysis: Why Didn’t the U.S. Cut off Russia From SWIFT? It’s Complicated.
Removing access to the financial messaging service would be the most severe penalty but could have unwanted consequences, including compromising energy exports to Europe.
- Categories
- Energy, Finance, Telecommunications
- Region
- Europe & Eurasia
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UK Pledges £10 Million for Energy Projects In Nigeria
The UK is providing up to £10 million of concessional aid to reduce the risk for pension and insurance funds to invest in energy access projects, and support Nigeria’s COP26 commitments.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Failing to Learn from Failure is Undermining Energy Access: Why the Lack of Transparent Discussion is Putting SDG7 at Risk
Despite the clear need for sustainable energy and clean cooking solutions, energy access projects frequently fail – and all too often, these failures go unreported. According to Iwona Bisaga at Modern Energy Cooking Services and Julia Tomei and Tash Perros at University College London, the lack of discussion of failures is holding back progress toward global energy access. They share insights from a new study that examines what failure means to different actors across the sector, assesses the different types of failures that occur, and explores why the topic is so rarely discussed.
- Categories
- Energy, Environment
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$56 Million From NORAD to Guarantee Renewable Energy Projects in Africa
The Norwegian Agency for Development Cooperation is providing a $56 million grant to the African Trade Insurance Agency (ATI).
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: Quaise Energy Secures $40 Million Series A to Unlock Terawatt-Scale Geothermal Energy
New funding will accelerate Quaise’s ability to demonstrate its novel drilling technology in the field and tap into hotter and denser sources of renewable geothermal energy.
- Categories
- Energy
- Region
- Global
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The Emerging Africa Infrastructure Fund Backs 40MW Kesses Solar Project in Kenya with US $35 Million Loan
The Emerging Africa Infrastructure Fund confirmed its leading position as a provider of debt funding to Africa’s alternative energy generation sector.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Moving the Clean Cookstoves Sector Forward: Six Principles for Investors
Around 3 billion people rely on solid fuels for their daily cooking needs, causing adverse health, environmental and socioeconomic impacts – especially among women. Clean cookstoves promise a solution to these issues, but according to Mitzi Perez Padilla at FMO and Fabrizio Valenti at KSAR & Associates, the sector's effectiveness depends highly on how investment decisions are made. They share insights from a recent study that identifies six principles investors should follow to ensure that clean cookstove investments yield the greatest possible impact.
- Categories
- Energy, Impact Assessment, Investing