New Investments

SunCulture Gets Backing From Investment Energy Platform Nithio to Drive Solar Irrigation, Farming Innovations Across Africa

Nithio, a leading energy investment platform, has invested in SunCulture, a Kenyan solar irrigation company.
 
 

The investment will be used to expand SunCulture’s operations across Africa and to develop new farming innovations.

SunCulture provides farmers with affordable solar-powered irrigation systems, which can help to increase crop yields and reduce costs.

Solar irrigation is a particularly promising technology for Africa, as it can help farmers overcome the challenges of water scarcity and climate change.

The company also offers a variety of other farming services, such as training and support.

SunCulture has already helped over 50,000 farmers in Kenya, Tanzania, and Uganda to adopt solar irrigation. The company’s goal is to reach 1 million farmers by 2025.

The investment by Nithio in SunCulture is expected to have a significant impact on the agricultural sector in Africa.

SunCulture’s solar irrigation systems can help farmers increase their crop yields and reduce their costs, which can lead to higher incomes and improved livelihoods.

The investment is also expected to boost innovation in the agricultural sector.

Nithio’s investment, made through its investment vehicle, Nithio FI, is part of the Productive Use Appliance Financing Facility (PUAFF), which catalyzes the uptake of productive use appliances across Africa.

PUAFF is managed by CLASP, an international non-profit organization that improves the energy and environmental performance of appliances and equipment.

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“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.

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