Africa’s off-grid solar sector is electrifying global investors

Africa’s off-grid solar sector is electrifying global investors

By Bonface Orucho, bird story agency Africa’s off-grid solar sector continues to be a magnet for investment, with recent analysis from Africa: the Big Deal emphasizing its growing appeal to investors. Despite a general decline in start-up funding across the continent over the last two years, the industry remains a clear priority for both the social impact and regular investment community. According to Laura Fortes, the senior […]

August 22, 2024 22

Africa

Can insurtech fix Africa’s low insurance penetration?

By Conrad Onyango, via bird story agency Until recently, Africa’s legacy insurance market has been relying on an old agent-driven sales model, where agents physically scouts for clients in offices, malls and other business centers to market, sell and deliver insurance products. Under this model these agents have mostly been focusing on selling individual policies largely to wealthy clients who can buy expensive products to earn them […]

May 10, 2024 14

Africa

Off-grid solar sparks a lantern sales boom in Africa – report

By Bonface Orucho, bird story agency A new report has highlighted the continued popularity of lanterns powered by off-grid solar alternatives as more people opt for cleaner lighting options in Africa. The report ‘Global Off-Grid Solar Market Data July-December 2023’ by the Global Off-Grid Lighting Association (GOGLA), the global association for off-grid solar energy industry, is based on sales reported by 32 solar energy kit manufacturers […]

May 10, 2024 12