Over 138,000 green jobs have so far been created by Rwanda Green Fund (FONERWA), the national fund for protecting the environment since its inception in 2013. The green fund says 65,340 households have since got … read more
The loan is part of a $100 million (Sh10 billion) fund by the three organisations that focus on finance, energy, affordable housing, water and sanitation. The equity injection by two responsAbility-managed funds, SunFunder, DWM and … read more
One of the key barriers to delivering energy solutions for the rural and urban poor is the limited access to finance at local and national levels and insufficient targeted finance flows at the international level. … read more
Distributed energy service companies (DESCOs) deploying off-grid solar solutions in Sub-Saharan Africa have had limited success in raising debt from local financial institutions such as commercial banks. The high collateral requirements, high interest rates, and … read more
Banks and other traditional non-banking financial companies are weakened with non-performing assets and do not like to extend short-term financing to businesses that deem risky especially start-ups and SMEs. To mask the risk, they accept … read more
Kenya-based pay-as-you-go-solar company, M-Kopa will be the first beneficiary of the fund. The company also will support other initiatives that deal with renewable energy and that are aligned with its environmental impact reduction. Read more: … read more
While collateralizing receivables can help DESCOs meet lender collateral requirements, DESCOs still need to address underlying concerns lenders hold regarding the sustainability of their business models, which involve selling products on credit to a customer … read more
(Press release) VentureBuilder, which is focused on scaling African-owned and managed off-grid solar enterprises, launched today in advance of the Unlocking Solar Capital Africa conference with support from the DOEN Foundation, Facebook, Shell Foundation, and … read more
Solar Securitization for Rwanda is a tradable solar asset-backed security that can accelerate the deployment of solar home systems in East Africa, by helping solar developers reduce their leverage and access capital for expansion. At … read more
Investors targeting grid projects also seek to benefit from Power Purchase Agreements (PPAs) while those in off-grid, especially, solar target the market mostly in the slums and rural Kenya. The electricity supply was partly boosted … read more
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