Nigerian startup Salpha Energy has raised $1.3 million in funding from All On, an impact investment firm supported by Shell. Salpha Energy is the only female-founded startup that runs a solar home system assembly facility in sub-Saharan Africa, according to Distrupt Africa. The company is dedicated to providing affordable and reliable solar power to underserved communities across Africa. Having local manufacturing capacity enables the company to manage product quality and design more effectively, while also generating employment opportunities in the area. $1.3 million funding from All On The fund will be
Five years after the disastrous Hurricane Maria, another destructive storm has hit civilians living in Puerto Rico, exposing the vulnerability of the island’s electricity system. Hurricane Fiona, which first struck Puerto Rico on Sept 18, has already caused severe damage to the island’s economic development. According to the Washington Post, President Biden agreed to issue a major disaster declaration earlier this week. The storm brought an average of 10 to 16 inches of rain across Puerto Rico, killing four people. Since Sunday, 1.5 million people living and working in Puerto Rico
Ghana-based construction company, LMI Holdings, has partnered with the International Finance Corporation (IFC) to enhance Ghana’s solar technology. The partnership, which will see the IFC loan the company $30 million, will provide dozens of businesses with solar technology and essential infrastructure needed to boost their productivity. The funding will also enhance water development services in the Sub-Saharan African region. LMI Holdings, founded by Kojo Aduhene, is a private power distribution company that works to provide a reliable infrastructure for businesses in Africa. The organization’s commitment to building a 16.8-megawatt rooftop solar plant
