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FinDev Canada has injected $13 million into Energy Entrepreneurs Growth Fund ( EEGF ), which invests in early and growth-stage energy startups in sub-Saharan Africa. Part of the funding will go toward increasing access to clean energy for off-grid households and businesses in the region. million.
The Off-Grid Energy AccessFund (FEI-OGEF), Cordaid, and Qotto’s existing investors also participated in the round. Sun King raises $260M to widen clean energy access in Africa, Asia Founded in 2016, Qotto designs and distributes stand-alone solar kits and lanterns to individuals residing in the least electrified regions of Africa. .”
One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Part of the funding will be used to expand the business’ presence. Sun King has previously raised $170 million in equity and debt funding.
Funds are generally categorized as “restricted” or “unrestricted,” which determines how and where they’re allocated. For instance, charity: water has a 100% model , where every public donation funds sustainable clean water projects, and private donors cover its operational costs. In 2023, it gave more than $1.7
All these while increasing access and affordability to quality medication. The new funding, mPharma co-founder and CEO Gregory Rockson told TechCrunch, will be used to build the startup’s data infrastructure, triple its talent pool over the next three years and support expansion plans in its current and new markets.
1) The e-commerce site where products fund projects. Launching – and funding – several crowd commerce campaigns. Launching – and funding – several crowd commerce campaigns. Similar to a Kickstarter model, these campaigns use products to fund projects. As of May 2013, w4tw was over-funded by $16,285 from a cool $25K.
He reads accessible ebooks from Benetech’s Bookshare library in braille format, and learns as quickly as his peers without disabilities. We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation.
The latest funding adds to the $1.8 million seed funding the insurtech raised last year. Abass added that Lami is using the funding to hire, fast-track its expansion plans and drive underwriter partnerships. Kenyan insurtech startup Lami enters Malawi, DRC after acquiring Bluewave, eyes rest of Africa.
funded Financial Sector Deepening (FSD) Africa. The organization is working with eight insurance regulators including those of Ghana, Malawi, Nigeria, Rwanda and Tanzania to build an environment that bolsters insurtech innovation across the continent. “It
They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. Next , they request the funds via bank transfer, leading to more incurred costs or use other cross-border money platforms like WorldRemit.
Founded in 2013 by Rockson , Daniel Shoukimas and James Finucane , mPharma is one of the well-funded startups across Africa raising over $50 million since inception, this includes a Series C round of $17 million, led by UK’s development arm CDC Group, it received last year. We currently have five centers open.
Sub-Saharan Africa accounts for 75% of the world’s population with no access to renewable energy solutions and electricity. Countries like South Sudan, Burundi, Chad, Malawi, Burkina Faso, Madagascar, Tanzania are among some of the least electrified countries in the world, and could benefit from clean energy from solar or wind.
Set up an online fundraiser, tell your community to start raising funds, push play, and watch the cash roll. How do you inspire and empower your community to effectively raise funds for your cause? Project-based fundraising can be a cost-effective and engaging way for nonprofits to fund existing programmatic work. Not so much.
Two 14-year-old girls, one in the US and one in Malawi, had their lives changed when they joined forces to fight the AIDs epidemic in Africa. Through the creation hope-giving projects that serve the most vulnerable in Malawi, the organization connects U.S.-based The two girls met at Hope Village Orphan Care Center in Malawi.
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