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Starsight Gets $10 Million Funding to Expand Solar Power Solutions in Nigeria, Ghana
A Helios and AIIM-backed solar power solutions firm, Starsight Energy, said it has obtained a $10 million financing that would enlarge its current senior debt facility in a bid to scale up its generation capacity and services in the Nigerian and Ghanaian markets.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Nigeria’s Daystar Power Secures US $38 Million Series B Investment Led by IFU
The round was led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution (DFI). IFU is joined by new investors STOA, a French impact infrastructure fund, Proparco, the French DFI, backed by a guarantee from the European Union under the African Renewable Energy Scale-Up facility (ARE Scale-Up) and Morgan Stanley Investment Management.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: DFC Announces $1 Billion W-GDP 2X Asia Initiative
U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler today announced W-GDP 2X Asia, a commitment to mobilize $1 billion of investment to advance women’s economic empowerment in Asia. Through the initiative, DFC aims to mobilize capital and incentivize action from the private sector to achieve scalable and sustainable impact for economically empowering women in the region. The announcement was made during a virtual event featuring keynote remarks by Boehler and a fireside chat with female entrepreneurs.
- Categories
- Investing
- Region
- Asia Pacific
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Press Release: DFC and Rockefeller Foundation Sign MOU to Invest in Solutions to End Energy Poverty
The MOU seeks to achieve economies of scale by bringing together two major initiatives: The Rockefeller Foundation’s Powering an Inclusive Covid-19 Recovery and DFC’s Roadmap for Impact, the agency’s new strategy for maximizing its development impact.
- Categories
- Coronavirus, Energy
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2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Taking Cold Chains Off-Grid: How Solar Powered Cold Rooms Could Dramatically Reduce Food Waste in Sub-Saharan Africa
In sub-Saharan Africa, up to 50% of produce perishes before reaching end customers, largely due to a lack of viable cold chain solutions. Maria Knodt at Energy 4 Impact and Ruth Kimani at CLASP explore how solar-powered cold rooms can address this issue, and highlight some significant technical and business model challenges that could undermine their impact.
- Categories
- Agriculture, Coronavirus, Energy, Finance, Investing, Technology
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Post-Harvest Food Loss Is a Key Driver of Malnutrition: These Innovations Are Tackling the Problem in Indonesia’s Fish Value Chain
Food loss is a major challenge in Indonesia, and loss of fresh fish is a particular problem. An estimated 20 – 29% of fish is lost annually in the domestic supply chain, contributing to high rates of malnutrition and harming livelihoods in the country. As Rahmi Kasri at I-PLAN, GAIN Indonesia explains, inadequate cold chain infrastructure and poor handling practices lie at the heart of this issue. She discusses some promising cold chain, processing and product innovations that are addressing the challenge.
- Categories
- Agriculture, Entrepreneurship
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Press Release: Ilara Health Raises $3.75 Million Series A Led by TLcom to Provide Life-Saving Diagnostics Across Sub-Saharan Africa
Ilara Health, an innovative healthtech start-up increasing essential and affordable access to life-saving diagnostics in Africa, has raised $3.75 million in Series A funding led by TLcom Capital with participation from DOB Equity, Global Ventures and Chandaria Capital.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Press Release: AgTech Company SeeTree Raises $30 Million in Series B Funding Round to Scale Globally and Expand into New Crops
SeeTree, an AI-powered, end-to-end service that provides growers with intelligence on trees and tree clusters, announced today that it has raised $30 million in a Series B funding round led by the International Finance Corporation (IFC), the private sector arm of the World Bank Group. This third round of funding, one of the largest investment rounds for an Israeli Agtech company, will allow SeeTree to scale globally, grow the R&D and customer-facing teams and broaden services to cover new crops.
- Categories
- Agriculture, Technology
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