{"id":22022,"date":"2019-05-09T05:08:32","date_gmt":"2019-05-09T05:08:32","guid":{"rendered":"http:\/\/abdas.org\/?p=22022"},"modified":"2019-05-10T11:16:17","modified_gmt":"2019-05-10T11:16:17","slug":"70m-kawisafi-fund-to-boost-off-grid-energy-in-east-africa","status":"publish","type":"post","link":"https:\/\/abdas.org\/2019\/05\/09\/70m-kawisafi-fund-to-boost-off-grid-energy-in-east-africa\/","title":{"rendered":"$70m KawiSafi Fund to Boost Off-grid Energy in East Africa"},"content":{"rendered":"

\"\"Non-profit investment firm Acumen has announced the US$70 million close of its KawiSafi Ventures fund, which will invest in off-grid energy solutions in East Africa. The fund will be utilized to support companies producing Affordable and renewable energy to low-income households in east Africa.<\/p>\n

\u201cAcumen\u2019s investing practice has shown us that Africa has a unique opportunity to solve its energy problem,\u201d said Jacqueline Novogratz, founder and chief executive officer (CEO) of Acumen. <\/p>\n

\u201cWe discovered KawiSafi to prove that renewable; off-grid energy can be a faster, cheaper and cleaner way to electrify the continent. By creating extensible solutions that can bring power to low-income communities who lived without electricity for too long, we can create a seismic shift in off-grid energy, releasing immense levels of human productivity and minimising impact on the environment. Given that Africa\u2019s population is expected to nearly double by 2030, a clean energy strategy is favorable not just for the continent but for everyone.\u201d<\/p>\n

KawiSafi invests in companies that deliver clean, affordable renewable energy to low-income consumers and businesses which effectively help in climbing the energy ladder. The fund maintains Acumen\u2019s impact-focused way but aims to deliver market-competitive returns by making larger, more symbolic investments in high-growth companies with proven business models. <\/p>\n

\u201cThe energy landscape has changed immensely in the last decade, and we have seen proven, profitable businesses transforms that are already emerging as low-income for people access to electricity,\u201d said KawiSafi\u2019s managing director Amar Inamdar. <\/p>\n

\u201cThese companies require early-growth capital to scale so they meet customer demand and cary innovation in a rapidly evolving ecosystem. KawiSafi will fill most important market gaps to create a sustainable, off-grid ecosystem, supporting countries to realise their UN Sustainable Development Goal of universal energy access.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Non-profit investment firm Acumen has announced the US$70 million close of its KawiSafi Ventures fund, which will invest in off-grid energy solutions in East Africa. The fund will be utilized … <\/p>\n","protected":false},"author":49501,"featured_media":22023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[479],"tags":[],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/22022"}],"collection":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/users\/49501"}],"replies":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/comments?post=22022"}],"version-history":[{"count":0,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/22022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/media\/22023"}],"wp:attachment":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/media?parent=22022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/categories?post=22022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/tags?post=22022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}