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AFC and d.light Achieve Off-Grid Solar Industry Milestone with Full Repayment of Senior Debt for $110 Million Securitization Facility
AFC’s groundbreaking USD$110 million securitization vehicle, BLK1, the first securitization instrument for Pay-As-You-Go solar home systems, has achieved a full exit for its senior lenders months ahead of schedule.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Securitization for Social Impact: Why It’s the Ideal Instrument for Scaling Social Enterprises Providing Consumer Financing in the Developing World
Economic uncertainty has led to a risk-averse approach from investors in recent years, forcing social enterprises and other businesses in developing countries to find alternative sources of finance. Ron Pfende at d.light shares an innovative solution to this challenge: securitization, the process of transforming a group of cash-generating assets into one investable security. He explains how d.light has leveraged this approach to finance its growth, and how securitization yields returns for businesses and investors alike.
- Categories
- Investing, Social Enterprise
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Sun King Secures USD $7 Million Boost From Lendable For Expanding Clean Energy Access In Africa
This collaboration between Sun King and Lendable stands as a testament to the shared vision of creating a more sustainable and inclusive energy future for Africa.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Kenyan E-Bus Startup BasiGo Secures $5 Million Debt Facility to Scale Local Production
BasiGo provides state-of-the-art electric buses along with charging and maintenance services for bus operators.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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How Fintech is Enabling Progress Toward the SDGs — And Why it’s Time for Investors to Double Down
Due to high interest rates and other macroeconomic challenges, there's been a global slowdown in venture capital funding to tech firms. David Grimaud at Bamboo Capital Partners explains how this lack of investment is impacting fintech companies in emerging markets, putting not only financial inclusion but other development priorities at risk. He explores how fintech innovators are advancing multiple SDGs, and how the investment community — especially impact-focused investors — can better support them.
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Agricultural Insurance + Energy Access: An Innovative Pilot Program Reveals the Value of Bundled Services — And the Need for Cross-Sector Partnerships
As the world works to achieve SDG7, it's becoming clear that cross-sector partnerships will be key to meeting its goal of affordable, sustainable energy for all by 2030. Anshul Patel at Bboxx — a leading distributor of pay-as-you-go solar energy products — shares learnings from the company's recent partnership with Pula, an agri-insurance technology firm, which insured Bboxx customers against the climate-related crop failures that can lead to payment defaults and repossession of their energy products.
- Categories
- Agriculture, Energy, Finance, Technology
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The Overlapping Impacts of Off-Grid Solar: Four Ways Innovative Funding Can Enable the Sector to Advance Global Climate and Poverty Goals
How can the off-grid solar sector achieve its energy access and climate-related goals? Laura Fortes and Drew Corbyn at GOGLA argue that there’s one clear answer to that question: more and better finance. They discuss four ways innovative funding models can enable the sector to rapidly and radically accelerate progress toward universal energy access and other development goals.
- Categories
- Energy, Environment, Investing, Technology
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d.light Harnesses $125 Million to Boost Off-Grid Solar Solutions in Tanzania
d.light champions the mission of providing affordable solar-powered household commodities.
- Categories
- Energy, Finance, Social Enterprise, Technology
- Region
- Sub-Saharan Africa
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