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clean energy

Beacon Power Services raises $2.7 million to improve access to electricity in sub-Saharan Africa

Beacon Power Services raises $2.7 million to improve access to electricity in sub-Saharan Africa

Energy utility startup, Beacon Power Services has raised $2.7 million in seed round funding led by Seedstars Africa Ventures, to improve access to electricity in sub-Saharan African cities; harnessing the power of data and smart technology. * The fund will be used to improve its product stack including upgrading, adding

Persistent Energy raises $10 million to fund renewable venture building business in Africa

Persistent Energy raises $10 million to fund renewable venture building business in Africa

Persistent Energy, an investment firm focusing on building climate-friendly venture businesses in Africa has raised $10 million in its Series C funding round to expand its capacities for backing cleantech startups on the continent. * The fund will be used to improve its talent teams, the company claims. * Persistent Energy offers

Nigeria secures $100 million loan from India for solar-based rural internet

Nigeria secures $100 million loan from India for solar-based rural internet

The Nigerian government has secured a $100 million loan from the EXIM Bank of India, through the Federal Ministry of Communications — a deal said to have been facilitated by Adebayo Shittu, the country’s former Minister of Communications. According to local media reports, the loan is expected to accelerate the

Burkina Faso plans to double its electricity generating capacity by 2020

Burkina Faso plans to double its electricity generating capacity by 2020

The government of Burkina Faso is planning to increase its electricity generating capacity rate from the current 20% to 45% by 2020, according to a report by Ecofin Agency. Citing Paul Kaba Thiéba, the country’s Prime Minister, the report says that the government plans to achieve this by building