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…
In 2020, Shell Foundation initiated a six-month wi-fi pilot, co-funded with UK Aid from the UK government, in three regions of Nigeria. Free internet access was provided through 50 selected locations to potential Swifta customers in peri-urban and rural areas. Swifta Systems is a professional technology company focused on IT services and fintech. OmniBranches (one…
Since 2020, Shell Foundation in partnership with USAID and UK FCDO has supported Jaza Energy to develop affordable energy products for low-income households in Tanzania, where – like many other African countries – around 50% of the population currently live on less than $2/day. Jaza has built solar battery retail locations providing meaningful employment to…
Transportation electrification projects face a number of barriers when it comes to accessing carbon finance, including relatively low emission reductions per vehicle, high marginal investments costs, unpredictable technology uptake by users, and complicated monitoring, reporting and verification (MRV) procedures when dealing with numerous distributed assets like vehicles, charging stations, and batteries. In the midst 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…
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…
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…
KEY FACTS Financed 250+ motorcycles, and on track to do deploy an additional1000 by end of 2022; Impact assessment shows that on average one motorcycle financed impacted five household members; Achieved 50% development of being a fully-fledged digital microfinance by end of 2022 Jali Finance is a Rwandan start-up that began with the mission of…
A new impact report, commissioned by Shell Foundation and authored by ENEA Consulting, positions Sustainable Mobility as a unique and budding sector for which solutions are critical given projected demographic growth in developing countries. The report looks at entrepreneur-led B2C Sustainable Mobility solutions in rural and urban settings targeting low-income populations to alleviate multiple mobility challenges in emerging markets,…
As part of the POWERED programme, co- funded with UK aid from the UK government, SF is supporting the Council on Energy, Environment and Water (CEEW) to integrate technical and financial assistance towards gender-inclusion in India. This study overview appeared originally on CEEW’s website. Overview The study discusses the barriers faced by women micro-entrepreneurs, who are using…