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Beacon Power Services (BPS), an innovative energy technology company, has successfully secured funding through a Series A financing round.
“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.

The International Finance Corporation (IFC) is planning to invest up to $120 million in a new renewable energy-focused investment platform, Zafiri Investment Vehicle, which will be headquartered in Mauritius and aimed at expanding energy access across Sub-Saharan Africa.

South Africa’s RecoMed, a leading digital healthcare marketplace, has secured a significant investment from Japanese pharmaceutical giant Eisai.

Benin is moving forward with a major renewable energy initiative through a partnership between Axian Energy, a pan-African developer, and Sika Capital Bénin.