- EmpowerAfrica
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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
African Changemaker
Samuel is an Ethiopian entrepreneur and impact investor known for his work in Africa’s renewable energy and sustainable development sectors.
He leads a dedicated team that invests in innovative projects focused on renewable energy and energy efficiency. Samuel is also the co-founder and chairman of Cambridge Industries, an engineering, design, procurement, and construction company focused on renewable energy projects throughout Africa.
As a subsidiary of Cambridge Industries Ltd., the company, founded in 2013, manages various renewable energy projects on the continent. With a passion for sustainable development and a deep understanding of Africa’s energy landscape, Samuel has been instrumental in driving the growth of clean energy solutions and promoting access to reliable and affordable power across Africa.
The Stanford University graduate is widely recognized for his commitment to driving positive change in Africa. He continues to advocate for sustainable development and actively supports initiatives that promote clean energy, economic growth, and social impact in the region.
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Ground Up Investing, the impact investing arm of Corus International, has announced a $6 million first close for its second fund, which will provide working capital loans to agricultural businesses in Kenya, Uganda and Rwanda, alongside three Latin American markets.
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Afreenergy Solar has secured a senior debt facility equivalent to approximately $13.5 million from the Renewable Energy Performance Platform 2 (REPP 2), a private debt fund managed by UK-based Camco, to refinance operating rooftop solar assets and develop new solar and battery storage projects for businesses in Senegal.
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The African Development Bank Group and the United Nations Development Programme (UNDP) are advancing implementation of their AI 10 Billion Initiative, which aims to mobilize $1 billion annually over the next decade to support artificial intelligence adoption across Africa.