Key Facts Distributed nearly 8,500 solar home systems in over five Ethiopian regions Able to leverage 7,400 BelCash agents network and brand Many of the worlds 1.3 billion off-grid population are concentrated in a limited number of large frontier markets, like Ethiopia. HelloSolar was co-created by SF and BelCash, the leading mobile money and Value…
Key Facts Has built a platform known as OmniBranches that delivers financial and non financial services to the underserved market OmniBranches leverages a widespread network of about 20,000 agents to deliver services throughout Nigeria Is partnering with NoMap (the Nigeria Off-grid Market Acceleration Programme) to address the payment collection difficulties faced by Solar Home Systems companies Swifta…
KEY FACTS Part of the Cardano Development family of companies, Frontier Finance Solutions is creating a Development Impact Bond (DIB) to finance companies bringing better cooking solutions to market in sub-Saharan Africa. The DIB combines several impact measures using the Gold Standard multi-SDG impact methodology, including: Reduced CO2 emissions Improved life expectancy Time saved by…
The Uganda Off-Grid Energy Market Accelerator (UOMA) is a neutral intermediary focused on accelerating the growth of off-grid energy access in Uganda to enable universal energy access. SF co-created UOMA in 2017 in partnership with USAID, Power Africa and the UK Government, to be implemented by Open Capital Advisors, a management consultancy headquartered in Nairobi,…
In 2014, around 80% of Uganda’s population, or approximately 30.9 million people, lacked access to the grid network and in rural areas the electrification rate was as low as 10%. Grid extension is often not a financially viable option for areas sparsely populated or hard to reach and off-grid energy solutions, like solar home systems…
SF portfolio enterprise Sure Chill recently received recognition for its innovative cooling technology after winning the UK Eagle Lab Innovation category at the Barclays’ annual High-Growth & Entrepreneur Awards. The awards celebrate entrepreneurs’ success, leadership and positive impact on society. Sure Chill has developed and patented unique technology that enables cooling equipment to maintain a…
The Pay-as-you-go (PAYG) sector will be a critical component of reaching SDG7 – and requires appropriately-funded commercial enterprises to open entire new consumer markets. In this new report, SF and Persistent present learnings from their experience in venture building PAYG companies in multiple African markets, including a case study from SolarWorks! in Mozambique, where 20…
Key Facts Has electrified 350,000 households and small businesses globally 58% customers undertake more economic activities once connected, such as employment, entrepreneurship, or education Bboxx manufactures, distributes and finances decentralised solar powered systems in developing countries, scaling through forging strategic partnerships and its innovative technology Bboxx Pulse®, a comprehensive management platform using IoT technology. Through…
Highlights Over 11,450 fridges sold to UNICEF India and the Indian Ministry of Health in 2020/21 which played a crucial part in the vaccine rollout Established a local subsidiary in Kenya and have built a strong initial sales team there Sure Chill has developed and patented a unique cooling technology that enables cooling equipment to…
Orb manufactures, sells, installs and exports its own range of solar PV panels, rooftop solar systems and solar water heating systems in India, Kenya and the rest of Africa. They focus on Small and Medium-sized Enterprises (SMEs), a largely under-served part of the rooftop solar market. To enable SMEs to afford solar, they have set-up…