Shell Foundation partners with Nuveen to catalyse private equity investments into climate solutions

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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…

Shell Foundation appoints new CEO

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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…

Ethiopia, Nigeria and Uganda – exploring what’s needed to deliver a low-carbon energy access in three markets

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Today we launch our latest research at the COP26 conference in Glasgow, looking at what is needed to deliver a low-carbon universal energy access in three key markets – Ethiopia, Nigeria and Uganda – and highlighting potentially disruptive ‘game-changers’ for each market. The country deep dives represent the third phase of the research, conducted by…

Sharing our approach to Monitoring, Evaluation, and Learning

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As we launch our new impact page, we would like to present an in-depth look into how our Monitoring, Evaluation & Learning strategy has evolved in recent years, and the methodology SF undertakes to measure impact. The goal of Shell Foundation’s (SF) Monitoring, Evaluation, and Learning (MEL) strategy is to track the social, economic, and…

Why Odyssey’s acquisition of Ferntech is a positive indicator for the mini-grid sector 

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SF partner Odyssey Energy Solutions recently announced its acquisition of the remote monitoring and control technology, Ferntech. This development will allow Odyssey to expand its service offering and provide multiple stakeholders with a more comprehensive asset management platform to scale investment in the renewable mini-grid sector.  Co-created by SF and Factor[e] in 2017 and co-funded with UK aid and USAID, Odyssey has successfully built the mini-grid sector’s only…

Sector voices praise $55m loan programme supporting Indian agriculture enterprises

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The “India Covid Response Programme for Agriculture Transition” was formally launched last week with more than 400 people attending a virtual event.  The work done by all the programme partners to get the facility over the line was acknowledged and there were insights on the tremendous impact this Programme will have on lending for clean…

Energy Entrepreneurs Growth Fund announces three new investments in African energy access enterprises

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The Energy Entrepreneurs Growth Fund (EEGF) has completed  its first three investments into distributed renewable  energy (DRE) companies working in Sub-Saharan Africa, and signed a concessional loan agreement with the African Development Bank (AfDB) that allows the fund to continue releasing flexible capital into the sector, which is making a critical contribution to expanding energy…

Persistent reflects on 10 years building energy access ventures

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In the 10 years since its founding, Persistent has built a venture building model that has invested in businesses providing PAYGO solar home systems as well as commercial and industrial solar, ecosystem enablers and e-mobility players, delivering financial returns and significant impact, improving more than four million lives across sub-Saharan Africa.   Shell Foundation has…

Five Grantees Announced for Health Electrification Pilot Programme

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Five mini-grid developers have been selected as part of a pilot programme to test and measure innovative financing mechanisms that can help scale electrification of health clinics across sub-Saharan Africa. Having invited applications to the programme in March, 25 applications were received and evaluated against five criteria: (1)  prior experience implementing and maintaining similar projects…

Mobility partners Tugende and Ampersand close investment rounds

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Two SF partners from the Mobility portfolio have secured growth investment to help them expand their services in East Africa. Tugende – which SF has supported since 2016 – recently announced a $3.6m investment from VCs Partech and Enza Capital – both of whom specialise in early-stage Venture Capital backing. Headquartered in Kampala, Uganda, Tugende…