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…
KEY FACTS ATG incorporates three funds; two pre-seed and one seed fund including an alternative financial instruments fund Invested in 15+ businesses in under two years amounting to $4m+ Africa Trust Group (ATG) is a holistic early-stage gender lens investor focused on accelerating investment into women-led start-ups in Africa. The start-ups benefit from ATGs women-led…
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…
As the world recognises International Women’s Day there are stories from across the Shell Foundation portfolio recognising the importance and impact of gender equality. Gender impact across markets and sectors Aavishkaar, a multi-product growth financial services group with a focus on India and Africa, launched its 2020 Impact Report on International Women’s Day, featuring stories…
Shell Foundation is supporting a transformative new platform to create a global market for distributed renewable energy. The D-REC Initiative is led by South Pole and Positive.Capital Partners and is supported by Shell Foundation (with co-funding from the UK’s Foreign, Commonwealth and Development Office), Good Energies Foundation, EnAccess Foundation and Signify Foundation. With over $500…