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Browsing: Africa’s off-grid solar offerings
Today Africa is on the frontier of ushering in a new age of technology in its various economic sectors. As such, the continent needs to provide not only sufficient and sustainable energy but also one that has scalability, ensuring that each sector benefits from it. Thus, experts and innovators have turned to solar energy to power other vital economies while contributing to Africa’s overall market potential.
Indeed the concept of Solar power energy has worked in Africa’s favour over the past few decades. Unfortunately, renewable energy is still relatively new in Africa; thus, only a few benefit from its revolutionary concept. Here is a brief look at how solar energy powers and funds Africa’s ecosystem.
Understanding Africa’s Solar power potential
To understand any concept, we must first understand the context behind it.
The concept of solar energy is no new term in this digital era. The concept of Solar energy …
Nigeria is set to benefit from renewable energy financing programmes worth $4.5 million by the FSD Africa Investments (FSDAi).
FSD Africa
Established in 2012 and supported by UK aid, FSD Africa is a specialist development agency working to build and strengthen financial markets across sub-Saharan Africa.
FSD Africa is incorporated as a non-profit company limited by guarantee in Kenya. It is funded by UK aid from the UK government.
Poverty eradication
The organization works to reduce poverty through a ‘market systems development’ approach with an aim to address the structural, underlying causes of poverty by improving how financial market systems function.
The FSDAi, is investing $4.5 million in Nithio FI, a renewable energy financing intermediary focused on the Pay as You Go (PAYG) off-grid solar sector.
The intermediary provides renewable energy solutions for households and small businesses in Nigeria, Kenya and Uganda.
Renewable off-grid energy
Over the next five years, …