Market News

The Global Energy Alliance for People and Planet (GEAPP) and the international NGO CLASP are launching a new $6.1 million project aimed at accelerating energy-driven growth in Ethiopia, Kenya, and Nigeria. Through the expanded Productive Use Financing Facility (PUFF), the initiative aims to enhance . . .

Moi University has strengthened its collaboration with Kenyan engineering company Afriwatt to begin phase two of its solar energy project in an effort to create a more sustainable future. The project intends to lower the university's electricity expenses, encourage climate action, and improve studen . . .

An $18 million funding round has been successfully closed by Arnergy, a prominent distributed renewable energy solutions provider in Nigeria, with the goal of expediting the rollout of its solar energy systems throughout Africa.   Bill Gates’ Innovative Energy Projects, ElectriFI (Electr . . .

The Vietnamese solar solutions business TOYO has revealed plans to expand its capacity from 2 GW to 4 GW at its Ethiopian solar cell production facility. To increase output, TOYO plans to invest $47 million. Next to its current automated production location in Hawassa, Ethiopia, the company int . . .

The company has contributed $3.2 million (Sh413.4 million) since 2022 to extend safe water access programs throughout Africa, and this builds on that investment.  In the medium-to-long term, the company, which creates reasonably priced, solar-powered water filtration systems for marginalized an . . .