This strategic merger aims to drive transformative change in Africa’s energy landscape.

It is backed by fresh funding from a consortium led by Equator VC and Praetura Ventures, with participation from KawiSafi Ventures.

Shyft specializes in developing Internet of Things (IoT) hardware and integrated software for intelligent energy management.

The company offers a range of solutions, from advanced metering systems to patented monitoring and control technologies, aimed at addressing real-world energy challenges and enhancing energy delivery experiences.

SteamaCo, an Anglo-African technology firm, supports energy providers in delivering reliable, affordable, and productive power solutions to underserved communities.

The merger combines SteamaCo’s expertise in energy revenue management with Shyft’s innovative metering technologies and local market knowledge.

Shyft’s CEO, Ugwem Eneyo, highlighted the collaboration’s broader vision, stating:

“Our goal extends beyond advanced technology. We aim to transform how power providers and consumers experience energy, enabling smarter, more resilient infrastructure. This is integral to our commitment to fostering sustainable cities and communities.”

Tom Parkison, Managing Director of SteamaCo, emphasized the potential of the partnership to enhance services in Africa.

“The integration of our advanced metering technology with Shyft’s local expertise positions us to better meet the needs of our customers. Together, we are driving innovation and delivering customized solutions to address Africa’s unique energy challenges,” he said.