PEG Africa, a pay-as-you-go (PAYG) solar firm with operations in Senegal, Ghana and Ivory Coast, has raised $5 million from ElectriFI to continue rapid growth in existing markets. The funding from ElectriFI is subordinated junior debt and will be used for growth in PEG’s existing markets. “PEG has almost doubled ...
Sun Exchange, the Cape Town-based buy-to-lease solar cell marketplace, has announced it's raising R7 million (approx. US $460,000) for approximately 5.2% equity stake in the company via crowdfunding site Uprise.Africa. According to Abraham Cambridge, CEO and Founder, Sun Exchange, “We’re thrilled to partner with Uprise.Africa to create an opportunity for ...
d.light, pay-as-go solar system manufacturer and financier which brought solar power to nearly 100 million people without access to reliable electricity since 2007 has raised $18 million investment to expand its operations across Africa. The firm operates in Kenya, Uganda, Tanzania, Ethiopia and Nigeria and the additional funding will enable ...
BBOXX, a next generation utility, has signed a pioneering deal with the Government of the Democratic Republic of Congo (DRC), which will bring reliable, renewable electricity to 2.5 million citizens in the DRC by 2020. The DRC Government’s “Energie pour Tous” initiative, which puts off-grid solar at the heart of ...
The Africa Mini-grid Developers Association (AMDA) has been established as a trade association — currently numbering 11 member companies including innovative start-ups and established utilities. The association aims to combine private sector innovation, efficiency, and customer service with public sector support to help end energy poverty across Africa. AMDA is ...
Lendahand Ethex and BBOXX have announced a new Energise Africa partnership to raise £2.5m in total through a series of smaller investment offers, allowing BBOXX to extend its roll out of life changing solar systems across Rwanda, Togo, Democratic Republic of the Congo and Nigeria. The first offer, launched today, ...
Energy 4 Impact has said it will involve community members in the development and operation of mini-grids in Rwanda under its Sida-funded Scaling Off-Grid Energy in Rwanda (SOGER) programme, These will see community-owned cooperatives join forces with mini-grid developers to construct pico-hydro grids at 10 sites across Rwanda, providing clean energy ...
SolarFreeze, a Nairobi-based firm has been recognized as the best energy access startup at the just concluded RES-EXPO conference “Renewable Energy in East-Africa: New Frontiers” organised by RES4Africa in Nairobi. Renewable Energy Solutions for Africa (RES4Africa) is an association that promotes the deployment of large scale and decentralised renewable energy in Sub-Saharan African countries ...
BBOXX, a next generation utility, has today launched Pulse, a cloud-based task management platform to help distributed businesses to improve efficiency and enhance their customer service. The firm says Pulse will help distributed energy businesses in developing countries manage customers, products and employees dispersed across a range of remote locations ...
Off-grid solar company Pawame has been selected as a semi-finalist for the Innovate for Refugees Competition organized by the MIT Enterprise Forum - Pan-Arab Region for generating affordable, clean and safe energy to the residents of Kakuma Refugee Camp in northwestern Kenya. According to Majd Chaaya, Pawame’s Chief Technology Officer, “The ...
Mobisol is partnering with Tanzania's Phenix Recycling to safely dispose of expired electronic parts in over 75,000 Mobisol solar systems distributed in Tanzania to date. According to Phenix Recycling's founder, Athina Kyriakopoulou, “Responsible e-waste management is not only an environmental issue but also a business challenge to ensure the security ...
Mobisol, a Germany-based provider of decentralized solar solutions, has successfully installed a capacity of 10 MW and electrified over 500,000 people in East Africa to date. Operating in Kenya, Tanzania and Rwanda, the smart rent-to-own solar systems distributor provides solar solutions beyond lighting and focuses on the development and supply of ...
Azuri Technologies, a service provider of PayGo solar across sub Saharan Africa, today announced that its unique distribution approach using local partners has made it one of the fastest growing PayGo solar companies in Kenya. With over KSH 2.5 Billion invested to date, including KSH 500 million from Azuri’s partners, ...
Off-grid Solar firm PEG Africa has raised US$13.5 million in a debt and equity financing to expand its operations in Ghana and Ivory Coast with a target to reach 500,000 people through micro-loans for solar home systems. According to Hugh Whalan, CEO of PEG Africa: “With this funding, PEG Africa will be ...
Sun Exchange has raised $1.6 million in seed financing from Network Society Ventures, Kalon Venture Partners and three of the world's leading technology accelerators, BoostVC, Techstars and Powerhouse. The firm says it will use the funds to boost its capacity to meet the demand for commercial-scale solar power projects, located ...
Mobisol which operates in East Africa and Baobab+, a principal solar distributor in West Africa, have joined hands in a partnership to boost the solar revolution in Ivory Coast. Baobab+ will be distributing Mobisol’s all-in-one solar system throughout the country in a move to provide reliable high-tech solar hardware and ...
Azuri Tech has raised £300,000 through a crowdfunding platform from over 100 investors to help more Kenyan homes get connected to affordable home solar power systems. The investment will help Azuri distribute four light solar home systems to Kenyan homes at affordable installments of over 18 months. Virgin Unite provided an ...
Nairobi-based pay-as-you-go energy provider to off-grid homes M-KOPA Solar has secured US$80 million to provide finance for pay-as-you-go solar installations in one million homes in East Africa. The facility will be utilised over the next three years on top of the 500,000 already connected. According to Jesse Moore, CEO and ...
Y Combinator start-up Oolu, an off-grid solar companies in Senegal has raised $3.2m led by Persistent Energy Capital (PEC), and was joined by Y Combinator (YC) and other seed investors. Oolu will use the money to further invest in its current operations in Senegal and Mali,and to expand into ...
4 out of 5 African families depend on agriculture for their livelihoods, but just 4 percent use irrigation with the rest relying on increasingly unreliable rainfall. Switching to irrigated agriculture increases yields by 90 percent when compared to nearby rain- fed farms, but high diesel costs make irrigation an unaffordable ...
Angaza, a Pay-As-You-Go solar tech platform and clean energy products manufacturer targeting off-grid consumers, has closed a $10.5 million in Series B financing led by Emerson Elemental, and included investments from Rethink Impact, Salesforce Ventures, Social Capital, and the Stanford StartX Fund. The firm says it will use the funds to ...
Fenix International, a venture-backed pay-to-own home solar system technology and and financial services firm has raised funds from MTN, the Swedish Embassy in Zambia and USAID to launch pay-to-own solar home systems in Zambia. The funding together with MTN’s distribution networks will help the firm reach unbanked and off-grid customers ...
From left to right: Joe Segal (BBOXX), Mansoor Hamayun (CEO, BBOXX), H.E. President Faure Gnassingbé, Thomas Chevilotte (BBOXX advisor), Honorable Minister Cina Lawson, ICT Minister, and Honorable Minister Marc Bidamon, Minister of Energy. (PRNewsfoto/BBOXX) BBOXX, one of the UK's fastest growing renewable-energy businesses, met with H.E. ...
Mobisol has raised 10 million Euros from Finnfund (Finnish Fund for Industrial Cooperation Ltd.) to bolster its operations in Tanzania, Rwanda and Kenya. The funds will support Mobisol’s fast expansion in East Africa, where the company installed nearly 10 megawatts of capacity in Tanzania, Rwanda and Kenya, providing clean and ...
Solar televisions are driving advances in off-grid homes than social media and probably radio according to a new report by off-grid pay-as-you-go solar firm M-KOPA launched recently in Kenya. Dubbed Tuned in, the report looks at the role of solar television in the off-grid economy where millions of Kenyans are ...
d.light, a global solar kit maker and a former M-Kopa Solar supplier has launched a robust home solar system with a capacity to light their homes and charge their phones and watch digital TV and power some basic home appliances. The solar X850, is a platform-based solar home system with ...
Renewable energy developer Xago Africa has raised undisclosed funding from USTDA, to build a utility scale solar photovoltaic power plant in Siaya County, Kenya, make it among the first utility-scale battery storage installations in Africa. “USTDA is pleased to facilitate new business partnerships between US and Kenyan companies that can ...
UK and Tanzania-based pay--as-you-go solar energy solutions provider Solaris Offgrid has raised over €1M to fund R&D and grow into new markets – providing more homes and businesses with affordable, clean energy. The firm will use the funding to launch its operations across the developing world and in continuing to ...
Alevo have received a grant of $1.4M for Kenyan energy storage study where Alevo Analytics will provide the analytics for the Kenyan Energy Storage Study. The study is funded by U.S. Gov. USTDA and grant application started during Obama administration, grant award ceremony was hosted by U.S. Embassy Nairobi Kenya, ...
Off-grid solar solutions provider d.light has partnered up with micro lender Musoni to enable low-income consumers in Kenya to access solar energy at affordable prices. The deal will see Musoni Kenya absorb the upfront costs of d.light solar home systems then the customer services the loan over a certain period. ...
