Building a solar power ecosystem in 16 sub-Saharan African countries

How to give households in the poorest and toughest-to-reach countries in sub-Saharan Africa access to electricity? How to do that, while also building a sustainable and thriving solar power industry in those markets?

Those questions are what the Hardest-to-Reach Initiative aims to address. Launched late last year by “patient capital” pioneer Acumen, the $250 million blended finance facility plans to give 16 sub-Saharan African countries access to electricity with off-grid solar energy. The goal is both to help Acumen-backed enterprises already providing solar energy in Kenya expand to these nations and to incubate small local companies.

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Source: Forbes

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