Recently there has been a proliferation of financiers looking into the African energy market but solar project promoters in Africa may be underestimating the amount of funds accessible to African RE projects. In order to secure the needed finance what should promoters do?
In our latest investor Q&A, GOGLA speaks with Audrey Desiderato, Co-Founder & COO of SunFunder.SunFunder provides short-term inventory, working capital and structured finance loans to solar energy companies to help them scale and catalyze growth in the sector.
In West Africa, Ghana is ramping up the deployment of mini grids to boost the current rate of electrification to over 200 islands and 2,000 lakeside communities, Graphic Online reported.
Multilateral development finance institution African Development Bank (AfDB) has approved a grant that will enable Niger to promote development of green mini-grids.
Norfund, FMO and Rabobank have entered into a partnership to reaffirm their long-term commitment to Africa’s future development, growth potential and the local financial sector. The partners are committed to strengthen and develop effective, inclusive financial systems in Africa.
SANTHIOU MEKHE, Senegal (Reuters) - In an expanse of sand 60 miles (100 km) north of Senegal's capital, two men set to work digging up tree stumps to clear space for what could soon be the biggest solar plant in West Africa.
On Monday, Kenya entered into an agreement with France for a sum of $37 million to facilitate the development of the east African country’s power sector through renewable power mini-grids.
In southern Africa, Foibe Namene, CEO of the Namibian Electricity Control Board, has indicated that the country’s renewable energy policy is almost complete.
Power Africa and USAID's Global Development Lab have launched the Grand Challenge aimed at empowering entrepreneurs and investors to grow the off-grid market in Africa.
International business telecoms group, Orange, has announced its intentions of expanding its scope of business and will be piloting a number of energy projects in Africa.
ENGINEERING NEWS - Private grantmaking foundation the Rockefeller Brothers Fund is participating in a $117.5-million investment in the Lekela Power Platform, which aims to build over 1.3 GW of wind and solar plants in Africa by 2018.
ESI AFRICA - President and Chief Executive Officer of the Overseas Private Investment Corporation (OPIC), Elizabeth Littlefield, says that its investment portfolio in the Sub-Saharan Africa region needs to develop further as it is still too small to meet the region's needs.
In the second Q&A of our investor series, GOGLA speaks with Kat Harrison, Impact Associate Director at Acumen. Kat joined Acumen from another GOGLA member, SolarAid, where she created and grew the research and impact measurement activities to be a resource for the off-grid energy sector, now housing some of the most comprehensive data on energy access in rural Africa.