The fund, to be managed by GreenMax Capital Group and grow to $500 million over three years, aims to boost electrification in a country with the world’s second-largest number of people without access to power after Nigeria.

Altech is set to raise up to £500,000 in debt from UK retail investors through impact finance platform Energise Africa. The social enterprise will receive debt investment in the form of the Altech Bond, issued by Energise Africa, where individual UK investors can invest from as little as £50 with an expected 8% return.

UK-based impact investing platform Energise Africa has announced the launch of a new bond offer from solar solutions company, Altech to expand access to clean energy for off-grid families in the Democratic Republic of Congo (DRC). The investment will support the rollout of solar home systems and solar lanterns.

Husk Power has secured $500,000 funding in the form of a grant from Acumen’s Hardest-to-Reach (H2R) initiative to support Husk’s entry into the Democratic Republic of Congo (DRC), the world’s second largest population living without access to electricity.

Vodacom and Orange are teaming up to bring mobile services to some of the most remote areas of the Democratic Republic of Congo (DRC). In a joint announcement, the telecom giants revealed plans to roll out solar-powered base stations to improve connectivity in the DRC, a country that’s twice the size of South Africa.

The United Nations Development Program (UNDP) has invested nearly $700,000 to build a 120 kW hybrid solar plant in Mambasa, Democratic Republic of the Congo. The community PV project will supply power to more than 300 users, including six health centers, 224 small businesses, and 89 households.

More than 90% of the population in the DRC rely on charcoal for their energy needs, driving the pervasive logging of forests across the country. Experts attribute the problem to the inaccessibility and high cost of grid electricity, as well as the fact that long-running armed conflict has led to 2.7 million people becoming internally displaced.

The European Union (EU) has funded a project worth N$52.6 million to provide renewable energy to 32 households of Swakopmund’s DRC informal settlement as part of a memorandum of understanding between the EU and the Environment Investment Fund of Namibia (EIF).