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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.

Mercy Corps Ventures has invested in Logidoo, a technology-driven logistics platform focused on improving the movement of goods across French-speaking North and West Africa.

A coalition of development finance institutions, philanthropic organizations, and private-sector investors has commercially launched Zafiri, a $176 million blended-finance platform designed to expand electricity access across sub-Saharan Africa through long-term investment in distributed renewable energy businesses.

Norfund and the Facility for Energy Inclusion (FEI), a debt fund managed by Cygnum Capital, have completed a $90 million long-term financing package for CREI, the telecom energy services and asset management subsidiary of two33 Group.