Stichting Clean Energy and Energy Inclusion for Africa (CEI Africa) invites GMG Developers to apply for outcome-based grants that subsidize the implementation of PUE strategies connected to operating GMGs in the target countries: Kenya, Uganda, DRC, Cameroon, Sierra Leone, Madagascar, Mali and Benin.

Investment in renewable energy across the ten African economies tracked in the database has remained stagnant at around $5bn each year since 2014. Globally, annual investment in renewables has increased by 60%, when the figure for 2014 is compared with that of 2022, but in African nations investment has actually fallen by 12% over the same period.

Renewable energy investments have traditionally been dominated by infrastructure funds, but private equity can also play a hand in the continent’s energy transition. This mirrors a global trend.

Many countries in Africa are facing challenges in development and for decades have welcomed outside aid including philanthropic organisations to tackle some of their challenges. Experts agreed that to tackle these challenges the continent needs innovative ways to leverage philanthropic capital to attract market resources.

In the world of startups, where ideas are nurtured, innovation thrives, and dreams take shape, the role of venture capital is often hailed as a catalyst for success. However, beneath the veneer of promise and potential exist a side of venture capital we often ignore the side fraught with pressures that can leave startups battered and bruised.