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Paygo Solar Startup Yellow Raises $14 Million to Scale in Africa
Following the new funding, Yellow plans to deepen its reach in its current markets Malawi, Rwanda, Uganda, Zambia, and Madagascar.
- Region
- Sub-Saharan Africa
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Vitalite Zambia Secures $1.5 Million From EDFI ElectriFI to Support Its Growth
Vitalite is a Solar home System distribution company that was created to increase rural electrification.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Energy Company Sun King Acquires PayGo Energy to Enhance its Clean Cooking Solutions
The company will take a technology-agnostic approach to developing products and services.
- Categories
- Energy, Finance, Technology
- Region
- Global
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Can Pay-As-You-Go Help Clean Up Clean Cooking?
Since 2015, the global focus on clean cooking has grown substantially, bringing more funding, research and attention from policymakers to the sector. But according to Tash Perros at the University of Liverpool, Iwona Bisaga at Loughborough University and Julia Tomei at the UCL Institute for Sustainable Resources, progress remains slow, especially in sub-Saharan Africa. They examine some of the reasons behind the inertia that is plaguing clean cooking access, and explore whether pay-as-you-go business models could catalyze progress.
- Categories
- Energy, Environment, Technology
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Oikocredit Invests $5 Million in Yellow to Support Growth of Solar Home Systems in Africa
funding will enable Yellow to strengthen its operations in four countries in sub-Saharan Africa.
- Region
- Sub-Saharan Africa
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Heifer International Announces $3.5 Million Tractor Financing Support for Africa
International development organization, Heifer International, announced an additional $3.5 million in funding for its tractor financing initiative in Africa.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- PAYGO finance
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Understanding COVID-19’s Impact on PAYGo Solar: Data From a Pioneering Study Reveals Key Insights About the Sector’s Financial Sustainability
The COVID-19 pandemic has had an unprecedented impact on PAYGo solar, causing up to 23 million people and 600,000 enterprises to miss out on improved energy access. Drew Corbyn at GOGLA, Bill Gallery at IFC and Roan Borst at Triple Jump share the results of a first-of-its-kind study that measured the impact of the crisis on the sector’s financial performance, based on data collected from 13 PAYGo solar companies. They discuss what these findings mean for the industry as it works to emerge from the pandemic’s ongoing disruptions.
- Categories
- Coronavirus, Energy, Finance, Impact Assessment
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Mastercard partners with Digital PayGo to drive secure payments for SMEs in Zambia
Mastercard has partnered with Zambian-based fintech company, Digital PayGo, to launch a new merchant mobile payments solution, which will enable Small and Medium Enterprises to safely make and receive digital payments through various online channels.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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