South African solar energy firm, GoSolr, has secured a substantial new investment from African Rainbow Capital (ARC), a leading investment firm.
The strategic investment marks a significant milestone for GoSolr and paves the way for accelerated growth and expansion in the country’s clean energy landscape.
GoSolr has been at the forefront of harnessing solar power to drive sustainable and eco-friendly solutions in South Africa.
With a mission to promote clean energy adoption and combat climate change, GoSolr’s innovative solar technologies have already positively impacted both residential and commercial customers seeking renewable energy alternatives.
ARC’s investment in GoSolr is aligned with its commitment to fostering sustainable businesses and promoting a greener future for Africa.
The collaboration aims to create a stronger clean energy ecosystem in South Africa and facilitate the widespread adoption of renewable energy solutions.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Moroccan urban mobility startup Enakl has raised $1.4 million in pre-seed funding to advance its mission of offering safer, smarter, and sustainable collective transport solutions for daily commutes, both locally and internationally.
Swiss development finance institution, SIFEM, has committed $15 million to the first close of Ninety One’s Africa Credit Opportunities Fund 3, which targets a total fundraising of $500 million.
SPE Capital Partners, through its AIF I Fund, has invested MAD 350 million (approximately $35 million) in Moroccan consumer goods company Dislog Group.
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