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This investment finalizes their first raise of $23m and enables them to scale their data-driven financing to impact more than 3.5 million people by 2025. Nithio has also disbursed 4 loans to Kenyan and Nigerian energy companies and microfinance institutions.

The working capital facility granted by EDFI ElectriFI (Electrification Financing Initiative) is intended to support Amped Innovation’s activities in Africa.

This cements Odyssey’s position as the distributed infrastructure sector’s leading end-to-end investment and asset management platform.

ecoligo’s acquisition of Namene Solar’s Ghana C&I business comes amid a rapid growth phase for the Berlin-based company, including new flagship projects in Africa and Vietnam as well as forthcoming entry into multiple new markets.

The loan will support the company’s growing sales of solar home systems. With over 110,000 units sold, Yellow has improved energy access for more than 400,000 people, mitigating 12,000 tons of CO2 emissions per year as they replace kerosene with clean solar lighting and other devices. The company has also created over 800 local jobs.

EDFI ElectriFI is making available a USD 6m revolving working capital facility (USD 4m from its global facility and USD 2m from the Nigeria Country Window) to Amped Innovation.

Solaris Offgrid pilots a true receivables finance mechanism in a new joint project with First Growth Ventures and Pawame. Eventually, this project aims at supporting last-mile distributors scaling their operations and providing investors with data transparency and standard formats to unleash new investment opportunities.

Association of SENDEA Uganda, a local cooperative supporting entities in the renewable energy space has launched its seventh solar village located in Ruhita, Kafunjo parish, Ruhara sub county in Kabale district that will connect at least 100 rural households to renewable energy solutions.

In this interview with Ventures Africa, Ikegwuonu discusses the effect of the pandemic on his business and his expansion plans with the investment from Heifer International.

A Dundee company behind a pioneering thermal collector flat pack kit is aiming to tap into new markets after being accepted onto Amazon Launchpad, enabling the product to be offered globally.