Acumen announced today its Hardest-to-Reach Initiative (H2R) secured a total of $250 million in blended capital to expand clean energy access across sub-Saharan Africa, reaching its target… Read More »Acumen’s Hardest-to-Reach Initiative reaches target raise of $250m
Ignite Energy Access today announced the launch of the largest procurement tender ever issued in the distributed renewable energy (DRE) sector, initiating a process to source more than… Read More »Ignite announces largest tender in the history of the DRE Sector to supply over 1m systems across Africa
The Trade and Development Fund (TDF), the concessional arm of Trade and Development Bank Group (TDB Group), and the World Bank Group (WBG) have signed… Read More »TDB and World Bank sign five new grant agreements under the ASCENT programme
Building on sustained growth across 11 African countries, Sun King aims to bring clean, reliable power to 200 million people by 2030. The plan will… Read More »Sun King announces target of 200m people by 2030
Sun King is establishing its first large-scale manufacturing operations in Africa, marking a major investment in local production and industrial growth. The company is establishing… Read More »Sun King opens first African manufacturing facility
First-of-its-kind tracking shows investment is rising but remains well below levels needed to close the access gap Insufficient capital is a key obstacle to expanding… Read More »New IEA report lays out pathway to finance universal electricity access in Africa
IFC, the AfDB, and founding partners today announced the appointment of Inspired Evolution as the investment manager for Zafiri, a new investment vehicle focused on… Read More »Inspired Evolution appointed as investment manager for Zafiri
The PayGo Lab founding team has made the strategic decision to shut down the PAYGo Lab. They will be starting a new chapter as the… Read More »PAYGo Lab becomes Micro Asset Finance Lab
The World Bank-backed Mwinda Fund, which could become Africa’s second-largest financial facility for off-grid power projects, expects to start disbursing money in the Democratic Republic of… Read More »Congo’s $500m Mwinda Off-Grid Fund to start disbursing
After over a decade of investment and expansion across Africa, M-KOPA has finally turned a profit. The Nairobi-based asset-financing startup reported a profit of KES… Read More »M-KOPA turns its first-ever profit