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…
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…
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…
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…
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…