Startup|Energy is pleased to announce that two more African energy startups have been accepted into the Accelerator programme: Emobility startup Kiri EV (Kenya) and solar vending machine developer Germark Holdings (Tanzania).
SECO Start-up Fund has offered a 500,000 CHF($541k) loan that will support eWAKA’s 2023 plans to accelerate a growth strategy focused on providing innovative and sustainable mobility technology in Africa through the local production and promotion of the mobility startup’s signature electronic bike known as the Shujaa.
In this research, we explore the feasibility of using second-life batteries (which have been retired from their first intended life) and solar photovoltaics to provide affordable energy access to primary schools in Kenya. Based on interviews with 12 East African schools, realistic system sizes were determined with varying solar photovoltaic sizes and lithium-ion battery capacities.
Ecomobilus collects frames from old motorbikes, removes the engines and replaces them with a battery and a motor to propel the bike. They run on a 60V direct current. The batteries take hours to charge but can take 45 minutes if on a fast charger. The bikes are being used around the city by couriers and delivery drivers.
The Rwandan venture KABISA wants to disrupt the auto sector by providing a complete electric vehicle ecosystem. KABISA’s mission is to increase access to green, safe, and efficient transportation. To achieve this, KABISA is not just selling and leasing electric vehicles, but also setting up a public charging network, and opening an electric vehicle maintenance garage in Kigali.
The AFSIA report “African Solar Outlook 2023” identifies four major trends in the growing solar industry: commercial and industrial (C&I), green hydrogen production, solar powered mobility and productive use of energy. Download the report here…
Momint, a Cape Town-based blockchain start-up, has developed a blockchain-based offering that aims to help ease South Africa’s energy crisis by allowing anyone to invest in solar power and resell it to institutions. According to the company, people living in Limpopo, Western Cape and Mpumalanga can purchase solar cells – a constituent part of solar panels – from as little as R150.
The startup space in Africa, Haider says, is “unbelievably exciting”´: “Entrepreneurs across Africa are bridging the infrastructure gap through technology and innovative products. Whether it’s TeamApt driving financial inclusion through agents and POS terminals, or MAX creating access to productive assets for drivers; founders are taking many sectors and spaces on the continent from zero to one.”
Délégation de l’Entrepreneuriat Rapide (DER), which loosely translates in English to General Delegation for Rapid Entrepreneurship of Women and Youth, has been described by many as one of the catalysts behind the growth of the Senegalese entrepreneurial and tech ecosystem.
The Startup Act aims to create an environment for startups to thrive whilst ensuring Nigeria leads the continent with respect to digital technology. In this pdf we will conclude by highlighting the various financing options available to startups under the Startup Act as well as the incentives for investors which may increase the availability of finance to labelled startups.
Adam Molai whose TRT Investments manages a portfolio with operations in Nigeria, South Africa, Zimbabwe, Zambia, Mozambique and Kenya believes that Africa is short of “the right kind of” entrepreneurs.
African business has a lucrative opportunity to create sustainable industries by leapfrogging technologies known to be harmful to the environment, and developing and using novel ones instead. Over the past 15 years, many hundreds of startups have sprung up to offer climate-smart products and solutions to African consumers.
In the past few months, we’ve seen growing conversation around electric vehicles ( EVs ) in Kenya. A couple of startups have come in to the market. Different players have talked about embracing the new green world. And, we’re even seeing KenGen and Kenya Power talking about charging stations and more.
In particular, the law would create a tax and customs incentive framework to promote the uptake and development of digital technology. Additionally, “actions helpful to the development of tech firms under Togolese legislation” would be taken, albeit their specifics are yet unknown.
Much of the attention in the impact finance sector tends to go to the stewards of capital — investors, foundations and other funders — most of whom firmly believe that catalytic capital is the type of finance that entrepreneurs value most. But it’s unclear if investors’ assumptions about the value of catalytic capital is the type of finance that entrepreneurs value most.
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