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World’s 1st Renewable Mini-Grid Industry Association Established in Africa to Help Drive Economic Development
Today, the Africa Mini-grid Developers Association (AMDA) announced its official establishment. The trade association — currently numbering 11 member companies including innovative start-ups and established utilities — aims to combine private sector innovation, efficiency, and customer service with public sector support to help end energy poverty across Africa.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Solar firm Angaza wins Sh125m innovation award
The platform has helped digital finance service providers fill the market gaps that traditional brick-and-mortar financial institutions avoid in impoverished urban centres and rural communities.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Empowering Women-Owned Enterprises To Solve Local Energy Challenges
Lack of access to electricity continues to plague many African countries, including Uganda, where up to 80% of the population lives without power. Given the increasing demand, it will take more than the Ugandan government to power up the East African country.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Engie and Fenix to bring affordable power to the Africans living off-grid
Engie Africa and off-grid energy company Fenix International have closed their acquisition agreement, a move that aims to provide safe and affordable energy to millions of households across Africa
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press release: €1 million crowd funded in record time for off-grid solar
TRINE and BBOXX launched its first of six crowdfunding rounds on 10 February. The €1 million target was hit on 9 March, making it the fastest fundraise of debt finance ever in the industry. The loan will be disbursed at the beginning of April and enable BBOXX to scale up its operations in Kenya.
- Source
- Press release
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Asian Development Bank, International Solar Alliance sign pact to promote solar energy
The cooperation envisages solar power generation, solar based mini-grids, and transmission systems for integrating solar energy into grids, among others.
- Categories
- Energy
- Region
- Asia Pacific
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Two Trends and a Caveat: The Three Factors That Will Define Impact Investing’s Future
New players in impact investing will benefit everyone across the value chain, from investors to end users, who focus on underserved populations to have impact at scale, writes Jean-Philippe de Schrevel, founder and managing partner at Bamboo Capital Partners. Meanwhile, technological innovation will continue to propel the industry. But he also cautions that big momentum means big expectations – on both investors and investees – to deliver on their promise to generate both financial and social returns.
- Categories
- Investing, Technology
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Mastercard, M-Kopa enter pilot pay-as-you-go solar partnership in Africa
M-Kopa Solar makes solar home systems affordable to low-income off-grid households on a pay-as-you-go installment plan. Its customers get power on daily mobile money payment plans and the cost is lower than that of kerosene fuel.
- Categories
- Energy, Inclusive Fintech
- Region
- Sub-Saharan Africa
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