(Ecofin Agency) - The French solar kit provider Baobab+, which focuses on West Africa, obtained a loan of €2mln ($2.3 million) from the investment bank Lion s Head Global Partners and Triple Jump, an emerging markets fund manager.
The money will support the beneficiary’s expansion in Senegal, where the company has equipped more than 100,000 families mainly in rural areas since the end of 2015. “While only 33% of the Senegalese population has access to energy in the countryside, this funding will help remedy the situation and allow us to expand our solar kit distribution network throughout the country, with a focus on use through micro-entrepreneurs, said Alexandre Coster, founder, and CEO of Baobab +.
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Kenyan President, Uhuru Kenyatta, on Monday passionately delivered an inspiring keynote address during the Economic Commission for Africa’s (ECA) fourth African Business Forum, emphasizing the importance for African governments to create enabling regulatory environments, develop vibrant and sustainable financial and research support structures to spur innovation on the continent.
Mr. Kenyatta said partnering with a broad range of technology players across the ecosystem around the world was also crucial for Africa to fully reap the benefits of digital technologies in expanding job opportunities or supporting the growth of micro, small, and medium enterprises (MSMEs) on the continent.
Addis Ababa, Ethiopia, February 8, 2021 (ECA) – Kenyan President, Uhuru Kenyatta, on Monday passionately delivered an inspiring keynote address during the Economic Commission for Africa’s (ECA) fourth African Business Forum, emphasizing the importance for African governments to create enabling regulatory environments, develop vibrant and sustainable financial and research support structures to spur innovation on the continent.
Mr. Kenyatta said partnering with a broad range of technology players across the ecosystem around the world was also crucial for Africa to fully reap the benefits of digital technologies in expanding job opportunities or supporting the growth of micro, small, and medium enterprises (MSMEs) on the continent.