Companies & Organisations
Electric motorcycle industry in sub-Saharan Africa faces three major obstacles: Over 90% of sold units are imports from China and India which are often unsuited to African conditions; the region’s 48% baseline electricity access is insufficient for a reliable charging network; and early-stage African startups lack high-quality storage technology.
African Development Bank (AfDB) Group President addressed the pressing issue of inadequate financing for climate change efforts in Africa during the bank’s 2023 Annual Meetings in Sharm El Sheikh. The Annual Meetings focus on mobilizing private sector financing for climate and green growth in Africa, reflecting the urgency of the climate crisis.
There may be a trade-off between achieving the lowest-cost power for those living in low-income countries using a lot of public finance, and building projects that are commercially viable and sustainable in the long term. And if there is, in an era where climate and private capital mobilization are both important, which do you prioritize?
IRENA will create capacity in Southeast Asia, Africa, Latin America. This entails strengthening IRENA’s capacity to build tailored, scalable renewable energy initiatives, through policy recommendations, technical assistance, and funding solutions, aimed at accelerating decarbonization and strengthening climate resilience for lives and livelihoods.
Asset financing platform M-Kopa has secured Sh35 billion ($255 million) financing in new debt and equity from Standard Bank and Japanese-based trading house Sumitomo Corporation among others for expansion in sub-Sahara Africa. With this new funding, the business aims to grow its smartphone services and extend its financed product set.
Hikvision has released a portfolio of solar solutions – the 4G solar-powered camera kit, a wireless bridge, and mobile solar security tower solutions – for isolated areas and temporary sites, where electricity and internet connectivity are not available.
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