-
African Development Bank Launches $50 Million Facility to Support Energy Businesses in Africa
The African Development Bank (AfDB) board of directors has approved a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) to establish the COVID-19 Off-Grid Recovery Platform (CRP).
- Categories
- Coronavirus, Energy, Investing
- Region
- Sub-Saharan Africa
-
Press Release: Panda Partners With Lion’s Head Global Partners
Solar Panda Corporation, a company selling PAYGo solar home systems in Kenya, has secured a loan from FEI-OGEF, the African Development Bank’s flagship Off-Grid Energy Access Fund managed by Lion’s Head Global Partners. OGEF becomes a new syndicate lender, augmenting an existing $15 million framework deal with Lendable.
- Categories
- Energy
-
Zambian Startup Widenergy Raises New Funding to Scale Its Impact
Zambian startup WidEnergy, a woman-led for-profit social enterprise dedicated to female empowerment and the expansion of affordable energy access, has raised a new round of funding to help scale its impact.
- Categories
- Energy, Entrepreneurship
- Region
- Sub-Saharan Africa
-
State Plans to Police Solar Industry with Tough Rules in Kenya
The government plans to widen surveillance of the solar industry. The move has seen the State introduce new requirements for industry players including technicians, manufacturers of equipment and traders.
- Categories
- Energy
- Region
- Sub-Saharan Africa
-
Press Release: Bboxx Secures Loan With FEI OGEF to Accelerate Energy Access in the Democratic Republic of Congo
Bboxx, a next generation utility, has secured a $4 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), a debt fund managed by Lion’s Head Global Partners (LHGP).
- Categories
- Energy
- Region
- Sub-Saharan Africa
-
Press Release: U.S. Government’s Power Madagascar to Bring Electricity to 5,200 Rural Homes and Businesses
The United States Government, through the United States Agency for International Development (USAID) and the Power Africa initiative, has awarded three companies in Madagascar a combined $1.2 million in grant funding to develop mini-grids that will bring electricity to more than 5,200 rural homes and businesses. These grants are part of the U.S. Government’s $3 million effort to increase energy production and electricity access in Madagascar.
- Region
- Sub-Saharan Africa
-
1.9 Megawatt Solar-Plus-Storage Project for Nhimbe Fresh, Zimbabwe
Following the close of a $4 million Series A funding round in June, momentum continues with Sun Exchange's expansion into sub-Saharan Africa and a landmark solar-plus-storage project. This multiphase project will power Nhimbe Fresh, an agriculture leader in Marondera, Zimbabwe.
- Categories
- Agriculture, Energy
- Region
- Sub-Saharan Africa
-
Press Release: CrossBoundary Energy Fully Exits First Fund at 15% Net Internal Rate of Return (IRR), Raises $40 Million To Continue To Scale Financed Solar for Businesses in Africa
CrossBoundary Energy (CBE) today announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing $40M in new equity funding to exit initial investors and support CrossBoundary Energy to continue to develop, construct and operate distributed commercial & industrial (C&I) solar projects that will provide businesses across Africa with access to cheaper, cleaner power.
- Categories
- Energy
- Region
- Sub-Saharan Africa
Parent Organization
