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An Under-Recognized Obstacle to Solar Access in Africa: The Impact of Foreign Exchange Risk — And How to Mitigate It
Solar energy businesses are rapidly gaining traction in Africa, driving economic growth, improving living standards and supporting the transition to a low-carbon future. But Yariv Cohen at Ignite Power highlights an under-recognized barrier facing the sector: foreign exchange risks. He explores the impacts that volatile exchange rates can have on two common types of solar projects in Africa, and shares some of the strategies that have emerged to mitigate these risks.
- Categories
- Energy, Environment, Investing, Technology
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EcoSecurities and Kenya Private Sector Association Announce Strategic Partnership to Boost Catalytic Carbon and Climate Finance
The strategic partnership will scale carbon finance for sustainable development whilst rapidly expanding decarbonisation efforts across Kenya.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Brookfield Raises $2.4 Billion for Emerging Markets-Focused Climate Transition Fund
CTF aims to deploy capital into clean energy and transition assets in emerging markets in South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Press Release: Study Unveiled at UNGA79 Shows Energy Goals on the Brink; Lower Income Countries Dangerously at Risk of Being Left Behind
With just five years to 2030, The SDG7 Backsliding study raises the alarm on the global energy goals under UN Sustainable Development Goal 7 (SDG7).
- Categories
- Energy
- Region
- Global
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Mirova Invests $15 Million in African Solar Energy Provider
The funding will help pay for the construction of the firm’s pipeline of projects, aimed at boosting access to renewable energy.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Zeno Raises $9.5 Million to Take On Ampersand and BasiGo With Electric Motorbikes in 2025
The startup intends to accelerate its plans to introduce swappable battery technology across East Africa with the introduction of its first electric motorbikes in early 2025.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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GOGLA and e-MFP Forge Strategic Partnership to Drive Financial Inclusion and Off-Grid Solar Expansion
Leaders in the off-grid solar industry and financial inclusion sectors across the Global South are joining forces to expand access to financial services, promote the productive use of off-grid solar energy solutions and help clients grow their livelihoods.
- Categories
- Energy, Technology
- Region
- Global
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Kenya Awards $1.3 Billion Power Concession to Adani Group and AFRICA50
The strategic initiative will substantially enhance the country’s power distribution network.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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