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Urgent Action Required to Address Sub-Saharan Africa’s Energy Equity: WEF Report
Sub-Saharan Africa is grappling with significant equity challenges, demanding urgent improvements in energy access.
- Region
- Sub-Saharan Africa
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Report: Progress on Basic Energy Access Reverses for First Time in a Decade
A combination of factors contributed to this including the global energy crisis, inflation, growing debt distress in many low-income countries, and increased geopolitical tensions.
- Categories
- Energy
- Region
- Global
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Press Release: British International Investment and Symbiotics Strengthen Partnership With Launch of Second Green Basket Bond Across Asia and Africa
Following the successful launch of the first green basket bond in 2022, the new issuance will increase financing to small-scale green projects and businesses, funded through micro, small and medium enterprise (MSME) lenders across Africa, South and South-East Asia.
- Categories
- Agriculture, Energy, Environment, Investing, Technology, Transportation
- Region
- Global
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Rethinking Credit Scoring: A Pay-As-You-Go Pioneer Explores Innovative Solutions in Africa
The ability to make life-changing purchases — from buying a home to setting up a business — usually relies upon acquiring credit. But as Mansoor Hamayun at Bboxx explains, in many emerging markets, it’s incredibly difficult for the average citizen to obtain a credit score. He explores the obstacles to credit scoring in Africa, and discusses how Pay-As-You-Go financing of solar products — combined with innovative approaches to consumer subsidies — can be leveraged to boost access to credit scores and essential financial services in underserved communities.
- Categories
- Finance
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Press Release: BII Signs Agreement With Meridiam to Provide $15 Million to Rift Valley Energy to Expand Access to Sustainable Energy in Tanzania
This agreement will provide energy to about 170,000 people per year and connect 4,000 businesses and households to the grid for the first time.
- Region
- Sub-Saharan Africa
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Ghanaian Clean-Tech Startup Kofa to Take Its Battery Swapping System to Kenya, Togo
Kofa aims to create an affordable and customer-driven electricity network powered by portable batteries and renewable energy.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Africa to Get Only 2% of $2 Trillion Global Clean Energy Investment in 2024- Report
The report explained that the continent will need a yearly investment of $200 billion by 2030 to achieve its energy and climate-related goals.
- Region
- Sub-Saharan Africa
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Lagos Set to Generate Power From Solid Waste, as Sanwo-Olu Signs Deal with Dutch Firm
Lagos State has taken a major step towards turning tonnes of solid waste generated in the metropolis to usable energy.
- Region
- Sub-Saharan Africa
