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New IEA Report Lays Out Pathway to Finance Universal Electricity Access in Africa
First-of-its-kind tracking shows investment is rising but remains well below levels needed to close the access gap.
- Region
- Sub-Saharan Africa
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BII Commits $20 Million to Acumen’s Hardest-to-Reach Initiative
The platform aims to expand access to affordable, reliable energy in underserved African markets.
- Region
- Sub-Saharan Africa
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Analysis: How Fossil Fuel Dependency Keeps Nigerians in Darkness
Nigeria holds more than 200 trillion cubic feet of proven natural gas reserves — the largest in Africa and ninth globally. Yet millions still face daily blackouts.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Jacqueline Novogratz and Acumen Raise $300 Million For Off-Grid Solar In Africa
Backers include Green Climate Fund, IFC, Shinhan Bank, Nordic Development Fund and Soros Economic Development Fund.
- Categories
- Energy, Social Enterprise
- Region
- Sub-Saharan Africa
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IFC Seeks $300 Million to Fund Electricity Mini-Grids in Africa
The International Finance Corp. is setting up an entity aimed at lowering the cost of mini grids in Africa, to accelerate plans to connect 300 million Africans to electricity by 2030.
- Categories
- Energy, Finance, Technology
- Region
- Sub-Saharan Africa
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MOPO Secures £5 Million Investment From Norfund to Expand Clean Energy Access Across Africa
MOPO operates a pay-per-use battery rental system that delivers clean and dependable energy to households and businesses through solar charging hubs managed by local agents.
- Region
- Sub-Saharan Africa
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Aligning Capital with Justice: How Innovative Finance Can Enable the Final Stretch Toward Energy Access in Africa
The world has made unprecedented progress toward universal energy access, and today over 90% of the global population has electricity. But as Roeland Menger at Nithio explains, the remaining 10% live in rural and low-income communities — primarily in Africa — that typical business and funding models can't reach. He argues that the exclusion of these markets is not only ineffective but unjust, and highlights several innovative investment approaches that are expanding decentralized energy to the last mile.
- Categories
- Energy, Environment, Investing
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Nigeria’s Koolboks Raises $11 Million to Scale Solar-Powered Refrigeration Across Africa
The company designs solar-powered refrigeration units that pair ice-battery thermal storage with IoT telemetry.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa