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This initiative targets at least 70,000 homes by June 2024, significantly improving the lives of residents currently lacking a reliable electricity source.
The project is fueled by a $20 million grant from the Malawi Off-Grid Market Development Fund (OGMDF), also known as the Ngwee Ngwee Ngwee Fund (NNNF).
Funded by the World Bank, the NNNF aims to expand access to electricity through off-grid solar solutions and stimulate the development of this market sector in Malawi.
“This partnership will bring much-needed energy access to rural communities,” said Andi Kleissner, Co-CEO of Amped Innovation.
“Access to reliable solar power will not only improve daily life but also strengthen the agricultural economy and empower communities to build resilience against climate challenges.”
Amped Innovation, a California-based company, will supply its WowSolar™ kits, which include LED bulbs and mobile phone charging stations.
Green Impact Technologies, led by Admore Chiumia, will oversee distribution through a well-established pay-per-use model commonly used for solar kits in Sub-Saharan Africa.
To ensure widespread reach, GIT recently equipped a team of 200 sales agents to travel across Malawi’s rural areas, where a staggering 96% of households currently lack access to electricity.
This initiative presents a significant step towards Malawi’s goal of expanding electricity access and fostering economic development in rural communities.
Swiss impact investor Symbiotics has provided a USD 5 million debt facility to Complete Farmer, the Ghanaian agritech startup focused on strengthening agricultural value chains in West Africa.
Pan-African private equity firm Inspired Evolution has announced the second closing of its Evolution III fund, raising capital to support clean energy projects across the continent.
Nairobi-based logistics technology company Leta has secured $5 million in seed funding to enhance its artificial intelligence (AI)-powered platform.