Shell Foundation partner Kofa’s multi-purpose battery network has recently featured in articles in both CleanTechnica and Medium demonstrating how urban transporters and micro-entrepreneurs across Africa can lower costs and increase productivity through access to clean energy tech. Based in Ghana – with funding from SF and UK Aid from the UK government under its Transforming…
Eighty percent of the fisherfolk on the coast of Kochi in Kerala, India use motorised boats. But the fuel, maintenance and repair costs are cutting into the income of the community and contributing to a large amount of carbon emissions from fossil fuels. Despite having the highest net operating income among the coastal states, Kerala…
Shell Foundation (SF), the UK-registered charity supporting energy access market solutions in Africa and South Asia, recently signed a memorandum of understanding (MoU) with British International Investment (BII), the UK’s development finance institution and impact investor, to work in partnership to support the just and inclusive energy transition in sub-Saharan Africa and South Asia. Through…
Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment – supported by Mirova SunFunder East Africa Ltd as Investment Advisor (a wholly-owned subsidiary based in Nairobi) – last week announced a $171m first close of its Mirova Gigaton Fund which aims to accelerate the clean energy transition in emerging countries in Africa and…
Our six-year Scaling Energy Access Markets in Africa (SEAM) partnership with The US Agency for International Development (USAID) and Power Africa met its objectives and came to its natural conclusion in October. SEAM improved the lives of more than 15 million underserved people in Africa, delivered over 3.1 million new connections, leveraged $441 million of…
Agriculture is a major driver of economic output in Africa, providing income and livelihoods for millions of smallholder farmers, including the most vulnerable parts of the population. However, climate-related threats, including droughts and excess rainfall as well as pests and diseases, threaten crop yields. Agricultural insurance serves as a powerful risk mitigation tool for dealing…
Shell Foundation and Dutch development bank FMO have signed a Memorandum of Understanding (MOU) to support the just and inclusive energy transition in sub-Saharan Africa and India. The MOU builds on a previous agreement that concluded in 2019, as well as collaborations and co-investments in companies and financial intermediaries such as the Energy and Entrepreneurs…
The Energy Entrepreneurs Growth Fund offers financing and assistance to companies that increase access to energy in sub-Saharan Africa Today, 600 million people in sub-Saharan Africa lack access to energy The fund expects to provide patient, flexible capital to over 25 companies, with a fund life of twelve years DFC’s investment brings total commitments to…
Nuveen, a leading global investment manager with over $1.3 trillion of assets under management, announced a partnership today with Shell Foundation, the UK-registered charity, to drive more capital to emerging market climate solutions. Nuveen’s Global Impact team, the firm’s dedicated private equity impact strategy, expects to invest at least $100m over the next five years…
The Board of Shell Foundation is pleased to announce it has appointed a new CEO to lead its next stage of development and growth. Jonathan Berman will bring relevant experience from a rich career history. He has consulted frontier market enterprises in several sectors, invested – personally and as part of a private partnership of…