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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
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How Cross-Industry Collaboration Can Spur the Digitalisation of the Last-Mile Distribution Sector
Last-mile distributors play a critical role in bringing energy and other life-changing products and services to customers in sub-Saharan Africa, and digitalisation is key to enabling these companies to operate at scale. But as Javier Baranda Alonso at Energy 4 Impact explains, both distributors and digital service providers often struggle to understand and service each other’s needs. He shares insights from a research report that highlights ways to accelerate the digitalisation of last-mile distribution by building bridges between the two sectors.
- Categories
- Energy, Social Enterprise, Technology, Telecommunications
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The Growing Urgency of Funding Off-Grid Solar: Exploring the Multi-Billion Dollar Investment Opportunity in Achieving Climate and Energy Access Goals
The off-grid solar industry currently serves 420 million people, while enabling remote and vulnerable populations to adapt to climate change. But as Koen Peters at GOGLA points out, financial flows into the sector have stalled over the last five years, and it is not receiving anywhere near the funding it needs to fulfill its potential. He explores the momentum and impact of off-grid solar, discussing why much faster progress – and much greater funding – is needed for the sector to address the increasingly urgent challenges of climate change.
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Bboxx Secures $14 Million Loan to Finance Solar Home Systems in Kenya
Off-grid renewable energy provider, Bboxx has secured a loan of USD 14 million from SBM Bank (Kenya) Ltd., to provide clean and affordable energy to nearly half a million people in Kenya, through off-grid solar home systems.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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FinDev Canada Invests $13 Million in Energy Entrepreneur Growth Fund for Clean Energy Access in Africa
Canadian investor FinDev Canada is providing $13 million to the Energy Entrepreneur Growth Fund (EEGF). This funding will be reinvested in early-stage electricity access providers operating in sub-Saharan Africa.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- energy access
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Clean Energy Firm Husk Signs UN Energy Compact as it Begins Solar Mini-Grid Expansion in Nigeria, Rest of Africa
Husk Power Systems, a clean energy company that has been at the forefront of fueling rural electrification since 2008, is planning to launch 500 solar mini-grids in Nigeria over the next five years.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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The Beyond the Grid Fund for Africa Signs Its First Projects in Liberia
The two first agreements under the EUR 108 million facility have been signed with companies promoting energy access for low-income customers in the rural areas of Liberia.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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