Trending
- How transition finance can catalyse Africa’s green industrial revolution
- Stanbic PMI Report: Mixed performance as Kenya’s agriculture, construction offset manufacturing decline
- Uganda’s land management gets a tech makeover to boost transparency
- Nigeria’s output dips fastest in 19 months on a sharp rise in costs
- Apple faces growing backlash over Congo exploitation
- Why East Africa is staring at higher wheat prices in 2025
- Nairobi Gate SEZ pumps $7 million into Kenya’s agro-processing industry
- What impact will the US election have on Africa?
Browsing: d.light Uganda
- d.light and impact investor African Frontier Capital have joined forces on new financing to support consumer loans for solar and high-efficiency appliances in East Africa.
- The US-headquartered firm will use the new financing to enhance its PayGo consumer finance offering.
- d.light seeks to make solar-powered products available to more low-income households and communities.
Off-grid solar provider d.light, has secured a new securitization funding worth $176 million from social impact-focused asset management company African Frontier Capital (AFC) to enhance access to green energy-powered applicances in Kenya, Tanzania, and Uganda markets.
The California-based company said it will use the new financing to enhance its PayGo consumer finance offering as the firm seeks to make solar-powered products available to more low-income households and communities in the target markets.
“This new facility is another landmark step in d.light’s mission to provide people with affordable energy that is also clean, safe and sustainable. It …
- 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
…
- 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 …