ImpactAlpha, September 22 – Africa and Asia’s off-grid solar sector has been on an upmarket march in recent years, shifting away from individual households to small commercial or community solar users. But a new $90 million funding round for Greenlight Planet signals that investors are still committed to emerging markets’ first-time and low-income solar energy consumers.
ImpactAlpha, September 15 – Netherlands-based Lumos sells solar systems to West African businesses and households that lack reliable access to energy. Lumos sells 80-watt and 160-watt systems on a pay-as-you-go basis through partnerships with mobile operators like MTN. An investment from the U.S. International Development Finance Corp. aims to help Lumos produce and sell 160,000
ImpactAlpha, September 14 – Tanga Fresh’s growth over nearly 25 years has made it the largest dairy processing company in Tanzania. The company, which processes 80,000 liters of milk per day, raised equity financing from Dutch investment firm DOB Equity to meet rising demand from East African consumers. Farmer support from development nonprofit Solidaridad Network
ImpactAlpha, September 9 – Stockholm-based BIMA provides mobile health, life and accident microinsurance to first-time customers. It has issued more than 35 million policies in Asia and Africa. COVID has spurred a surge in demand for its telehealth consultations and health policies. China-based fintech investor CreditEase Fintech Investment Fund led the funding round. Existing investors
ImpactAlpha, August 26 – Many pay-as-you-go solar startups in Africa have moved “up market,” focusing on small commercial or community solar energy access. Not Energy+. As a new company in a frontier market, Energy+ is selling basic home solar products from d.light to Malian households. Its equity round from VentureBuilder, Cordaid Investment Management and the
ImpactAlpha, Aug. 24 – AA Fisheries is the kind of enterprise impact investors talk about all the time. But too few turn talk into the capital such businesses need to survive and thrive. The fish farm supplier in Eastern Uganda was a solid performer until the COVID crisis shut it down. But solid is not