How to give households in the poorest and toughest-to-reach countries in sub-Saharan Africa access to electricity? How to do that, while also building a sustainable and thriving solar power industry in those markets?
Those questions are what the Hardest-to-Reach Initiative aims to address. Launched late last year by “patient capital” pioneer Acumen, the $250 million blended finance facility plans to give 16 sub-Saharan African countries access to electricity with off-grid solar energy. The goal is both to help Acumen-backed enterprises already providing solar energy in Kenya expand to these nations and to incubate small local companies.
Click here to read the full article
Source: Forbes
—
If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.