Baobab+, a solar home systems distributor in West Africa, has raised €4 million in financing for the expansion of its activities in Côte d’Ivoire and Senegal. The amount was raised in two rounds of €2 million each from Shell’s Energy Entrepreneurs Growth Fund (EEGF), managed by Triple Jump, the Facility for Energy Inclusion Off-Grid Energy […]
Tariffs, VAT and other applicable importation levies for solar products have contributed to over 40% of their retail prices. Yet, the Nigerian government said it made the decision to improve local production.
Will impact investors help solar companies scale/?
New report by TechCabal and Stears Data provides an in-depth analysis of the patterns & drivers of off-grid renewable electrification in Sub-Saharan Africa
For Biola*, a Director of Montessori Studies who lives in the Surulere axis of the Lagos mainland, power supply has been erratic since the mandatory lockdown began, a broken rhythmic clock, if you may. “During the day, they [PHCN] may bring it at 4:00pm and take it by 4:30pm. Bring again by 6:00pm and leave […]
Electricity bill, fuel, generator maintenance and solar power are some of the expenses Nigerian businesses deal with. Nigeria is currently ranked 131 on the global Ease of Doing Business Index and a lack of electricity is a major reason. This is a story of how Big Cabal tried to solve its electricity problem; one many […]
Renewable energy startup, Rensource, has completed a $20m funding round to boost its capacity to provide technology-enabled power solutions in Nigeria. Rensource builds and operates off-grid solar technologies for marketplaces, serving over thirty-thousand SMEs. Since launching commercially in 2016, it has deployed operations in seven clusters across six states in Nigeria – Lagos, Kano, Ogun, […]