Browsing: d.light

• As climate tech gains momentum globally, off-grid solar provider d.light projects that over 500,000 customers will benefit from its loyalty program by December 2024.
• Under the deal, customers who make regular payments on their PayGo products will redeemed for discounts on future purchases and power tokens.
• One of the most notable innovations in the climate tech sector is the pay-as-you-go (PayGo) model, where customers pay for products in installments.

In a first in Africa, d.light, a global provider of solar-powered household products and affordable finance for low-income households, has launched a new customer loyalty program, targeting approximately 500,000 clients across Africa.

The plan, dubbed “d.light Points Program”, targets customers in Kenya, but the firm says it will be extending the offering in its Uganda, Tanzania, and Nigeria markets later this year.

Donal Connolly, Director of Credit at d.light, said, “Our customers have had a tough time lately. Months of high …

• Startups in Africa have attracted over $1.2 billion in financing this year.
• Experts note that debt financing for startups in Africa is increasingly taking centre stage.
• In July, startups d.light, Va1U, Terrapay as well as Cartona all settled on debt financing to boost operations.

Startups in Africa have defied the odds in declining global capital flow, attracting a record $420 million in financing in July. This funding, which excludes exits, takes to $1.2 billion the amount of money channeled to startups in Africa this year and is the highest on record in 14 months.

“The numbers were heavily skewed by the two mega deals that were announced during the month: d.light’s $176 million securitisation facility and MNT-Halan’s $157.5 million raise. NALA’s $40 million Series A also deserves a mention. Combined, these three deals represent 90 percent of the funding raised,” an update by startup funding tracker, Africa: The Big Deal…

• This milestone is, however, delayed given that startup funding hit $1 billion in April 2023, as early as February in 2022 and May in 2021.
• One of the outstanding investments were d.light’s new $176 million securitization deal to enhance the uptake of solar powered equipment in Kenya, Uganda and Tanzania.
• Another record was Egypt-based MNT-Halan’s $157.5 million raise to fuel their expansion.

With five months to go to the end of 2024, the state of startup funding in Africa looks promising with new businesses attracting over $1 billion by the end of July. According to the startup funding tracker, Africa: The Big Deal, July was “the most successful month in terms of fundraising in Africa in more than a year, and represents what was raised in the whole of Q2 2024.”

This milestone, however, appears to …

• Global verification body Verra certifies d.light’s clean cookstove projects in Kenya, Uganda, and Nigeria.
• Initiative to distribute 600,000 clean cookstoves, which are now verified by leading certifiers as a trusted source of high-quality carbon credits.
• Launched in 2022, these projects have already positively impacted over one million lives and are on track to transform the lives of three million people by 2025. 

d.light’s clean cookstove initiatives

In a landmark move that helps advance the journey towards sustainable development and environmental health in Africa, d.light, a firm that provides innovative solutions for low-income households, has achieved a milestone with its projects receiving certification from Verra as a trusted source of high-quality carbon credits.

This certification marks d.light’s clean cookstove initiatives in Kenya, Nigeria, and Uganda as crucial players in the voluntary carbon markets (VCMs), aiming to reduce carbon emissions, combat indoor air pollution, and curb deforestation.

Addressing environmental challenges, and earning

• d.light and Chapel Hill Denham have closed $7.4 million in securitized financing to fund off-grid solar expansion in Nigeria
• The financing by Chapel Hill Denham’s Nigeria Infrastructure Debt Fund aims to scale up d.light’s low-cost pay-go offering of affordable, solar-powered products targeted at low-income households.
• This transaction signifies a pivotal stride in sustainable infrastructure investment in Nigeria, says Bolaji Balogun, CEO of Chapel Hill Denham.

d.light, a global provider of household products and affordable finance for low-income households, and Chapel Hill Denham, Nigeria-based alternatives asset manager, have sac à dos eastpak jordan proto max 720 yeezy boost 350 v2 hyperspace yeezy shoes under 1000 inflatable kayak sit top kayak custom kings jersey nike air max 90 futura sac à dos eastpak deuce vaughn jersey nike air max 90 futura 8 ft kayak kansas city chiefs crocs nike air jordan 1 elevate low kansas city chiefs crocs announced closing a …

• Grant-backed initiatives will boost subsidized access to clean, affordable solar energy for off-grid homes and businesses in Uganda.
• The funds will be used to subsidize the prices of essential clean energy solutions such as clean cookstoves, Solar Home Systems, and solar lanterns.
• More than 58 per cent of Uganda’s population, or over 18 million people, live without access to electricity.

d.light, a global provider of household solar products and affordable financing solutions for low-income households, is actively engaging in new grant-funded initiatives supported by the Ugandan Government.

The objective of these initiatives is to expand access to clean and affordable solar energy for homes, businesses, and public institutions in Uganda that currently lack reliable energy access. This concerted effort aligns with the country’s broader goals of sustainability and energy inclusivity.

With a total value of US$148M, the grants serve as crucial financial support for the green energy company endeavors. The …

The Overseas Private Investment Corporation (OPIC), the Ford Foundation, and Citi Inclusive Finance have introduced Scaling Enterprise, a $100 million loan guarantee facility, which will enable Citi to provide early-stage financing in local currency to companies that expand access to products and services for low-income communities in emerging markets.

Loans and working capital in local currency and at affordable rates can enable early-stage social impact companies to achieve scale, greater efficiencies, and lower costs. Scaling Enterprise will facilitate vital growth financing to eligible companies that are expanding access to finance, agriculture, energy, affordable housing, water, and sanitation to low-income households in emerging markets.

In addition to enabling companies to scale and expand their impact, the partnership will help these ventures gain a wider array of mainstream financing options in the future.

“For many companies that are working to meet the needs of vulnerable and underserved populations in emerging economies, …

Global manufacturer and provider of solar power products–d.light has announced a US$18 million investment from a consortium of lenders, targeted for the African market.

The investment is focused on the renewable energy space including; two responsAbility-managed funds, SunFunder, DWM and SIMA.

The financing will be used to further grow d.light’s operations across Africa, the company has announced.

d.light has already brought solar power to nearly 100 million people without access to reliable electricity since 2007 using pay-as-you-go financing solutions and generating 171 GWh of renewable energy in the process.

The additional funding will enable the company to expand its product line, enter new markets and reach even more customers, all of which will drive the company’s mission of making clean energy products universally available and affordable, the management said.

“The investment underpins the catalytic role of the company in making available clean, reliable solar energy solutions through the pay-as-you-go business …