News & Articles
A growing number of people are served with SHS via Pay-as-you-go (PAYGo) financing. For many consumers, not only is the solar product their first access to modern energy but it may also be their first access to finance. Consumers are exposed to product, service, and financial risk that companies must mitigate and balance with growth objectivs.
Village Enterprise implements an evidence-based “poverty graduation” program that is recognized as a cost-effective way to alleviate poverty for rural households. The program offers training, mentoring and a cash grant to start a small business – as well as access to a business saving group – to first-time entrepreneurs living on less than US $1.90
Despite the crypto crash, Engie is counting on cryptocurrency as an alternative way of financing its ambition to be a leading decentralised energy company in Africa. The $100,000 worth of EWT has been transferred to Engie Energy Access, Engie’s subsidiary for off-grid solar solutions in Africa, by the Energy Web Foundation.
It is no surprise that there’s a dearth of funds for carbon-free power in developing countries — these nations get too little investment overall, and that lack of capital is one reason they’re poor. Rich nations can green their own economies all they want. If they don’t provide the funds to repeat the trick around the world, it will all be in vain.
Raising capital is a time-consuming process that distracts the management teams of lean companies from their core activities. While raising capital is an important function, an incredible amount of time is often wasted in a back-and-forth game between investors and startups, plagued by questionable alignment and poor communications.
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