fbpx
Founder Institute Lagos Founder Institute Lagos Founder Institute Lagos
  • Home
  • About
  • Partners
  • Advertise
  • Contact
  • Signup to receive updates
Innovation | Startups | Funding | Tech Blog in Africa
Advertisement
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
Innovation | Startups | Funding | Tech Blog in Africa
No Result
View All Result
Home Funding

AECF launches $8.5Million Grant to support Clean Energy Businesses in Somalia

This programme aims to enable 300,000 people access clean energy and create jobs for both youth and women

by TechBuild.Africa
2020/12/15 - Updated on 2020/12/28
in Funding
AECF - techbuild

Credits: constructionreviewonline

Share on FacebookShare on Twitter
Tweet
Share
Share

The Africa Enterprise Challenge Fund (AECF) has launched a $ 8.5 million grant facility to support adoption and diversification of renewable energy solutions in Somalia and Somaliland.

This is a component of the REACT Sub Saharan programme, that seeks to reduce poverty through a transformational increase in the use of renewable energy by off-grid households.

Victoria Sabula, Chief Executive Officer of AECF, said:

“The Somali market presents a unique opportunity for us and other development partners to change the narrative on reliance of diesel-powered mini-grids as we facilitate a switch to renewable energy sources.

RelatedPosts

Young Nigerian Innovator? Apply for IMC Go-to-Talent Challenge ($10K)

Anambra ICT Agency MD to Keynote Bossladylaw Business Challenge

Nigerian Youth? Apply for Turn Up Democracy Challenge 1.0

ANKA raises $5M in pre-Series A Extension Round to Accelerate African E-commerce

To achieve this stimulation of market growth and engagement of private sector in renewable energy value chains is pivotal,” 

According to the World Bank SDG tracking report, it is estimated that 11 Million Somalis lack access to electricity services with only 3% having access to clean cooking, this lack of electricity and use of poor-quality cooking fuels continues to hamper development for low-income households of the people of Somalia.

“For this call, we are looking to work with businesses at different developmental stages particularly those at early stage. In addition to the funding, we will provide technical support, business linkages and investment facilitation,” said the AECF CEO.

The programme targets private sector companies and microfinance institutions that are commercially active.

These businesses are expected to be delivering low cost, clean energy products and services that benefit the poor in rural and peri-urban Somalia as well as Internally Displaced Persons, especially women and youth.

This programme aims to enable 300,000 people access clean energy and create jobs for both youth and women.

The deadline for the applications is Friday, January 22, 2021.

For more information visit here.


Don’t miss important articles during the week. Subscribe to techbuild weekly digest for updates.

Join @techbuildafrica on Telegram
Tweet
Share
Share
ShareTweetShareSendShare

Subscribe us

Recent Posts

  • AfriLabs Annual Gathering 2023: Key Players set to Drive Africa’s Digital Economy
  • Unlocking Socio-Economic Progress: Early-Stage VC in South Africa
  • Young Nigerian Innovator? Apply for IMC Go-to-Talent Challenge ($10K)
  • NiRA announces Voting for the 2023 .NG Awards: Celebrating Excellence in Nigeria’s Digital Community
  • Anambra ICT Agency MD to Keynote Bossladylaw Business Challenge
  • Energy, AI and a Groovy New Tech Demo Area All on the Menu at Africa Tech Festival
  • Female Innovator? Apply for Africa Innovation Fellowship Program
  • Wikimedia Anambra Network sets to Mark a Year of Achievement and Awareness Campaign
  • IXPN, Medallion DC meet Stakeholders, discuss Internet Peering and Interconnectivity
  • Dr Krish crowns Technology Person of the Year at Tech Innovation Awards 2023
Innovation | Startups | Funding | Tech Blog in Africa

© 2013-2021 techbuild.africa. All Rights Reserved.

Navigate Site

  • About
  • Contact
  • WE-Forum
  • Privacy
  • Sitemap
  • Terms
  • Blockchain
  • CleanTech

Follow Us

No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain

© 2013-2021 techbuild.africa. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In