Sunday, October 19, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News Africa News

Africa Enterprise Challenge Fund (AECF) Supports Clean Energy Businesses in Somalia with US $8.5Million Grant

Tech Gist Africa by Tech Gist Africa
12/22/2020
in Africa News, Business, News, The Big 5
0 0
0
renewable energy tech news africa

renewable energy tech news africa

0
SHARES
Share on FacebookShare on Twitter

An $8.5 million grant has been launched by the Africa Enterprise Challenge Fund (AECF) to support Somali based businesses as a part of the REACT Sub Saharan program, targeted at poverty alleviation with the use of renewable energy by off-grid households.

The project is aimed at providing 300,000 people access to clean energy and create jobs for both youth and women, thereby enabling economic development in the region.

SDG statistics by the World Bank have highlighted that an estimated 11 million Somalis lack electricity supply with only 3% having access to energy-efficient fuels for clean cooking, which impedes development for low-income households of the people of Somalia.

According to Ms. Victoria Sabula, Chief Executive Officer of AECF, “The Somali market presents a unique opportunity for us and other development partners to change the narrative on the reliance of diesel-powered mini-grids as we facilitate a switch to renewable energy sources.

To achieve this stimulation of market growth and engagement of the private sector in renewable energy value chains is pivotal.”

Commercially active private enterprises and microfinance institutions are the primary targets for the project with the expectation from them to deliver subsidized clean energy products and services that benefit the poor in rural and peri-urban Somalia as well as Internally Displaced Persons, especially women and youth.

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Netflix UEFA Champions League
Entertainment

Netflix Eyes $5.9 Billion Bid for UEFA Champions League Broadcast Rights

by Tech Gist Africa
10/17/2025
0

Netflix is reportedly preparing to bid approximately $5.9 billion for the global broadcasting rights to the UEFA Champions League, starting...

Read more
Maor Shlomo

Maor Shlomo: From Solo Visionary to AI Pioneer — A Journey of Innovation and Impact

10/17/2025
REasy Cameroon

REasy, a Cameroonian fintech startup Secures $1.8M in a pre-seed funding round

10/16/2025
google Tech Gist Africa

Google Empowers African University Students with Free Access to AI Tools

10/16/2025
Starlink Elon Musk

Starlink Commits $116 Million to Enhance South Africa’s Internet Infrastructure

10/16/2025
Next Post
mastercard tech news africa

Mastercard in Partnership with Junior Achievement Nigeria (JAN), Empower the Future Generation of Digital Entrepreneurs

Apple News tech africa

Plans Underway for the Launch of Apple’s Electric Passenger Vehicle By 2024

5G internet tech news africa

Saudi Telecom Company (STC) Successfully Tests New 5G based Radio in Partnership with Nokia

No Result
View All Result

The Big 5

Maor Shlomo

Maor Shlomo: From Solo Visionary to AI Pioneer — A Journey of Innovation and Impact

by Tech Gist Africa
10/17/2025
0

...

google Tech Gist Africa

Google Empowers African University Students with Free Access to AI Tools

by Tech Gist Africa
10/16/2025
0

...

Ized Uanikhehi

The Visionary Journey of Ized Uanikhehi

by Tech Gist Africa
10/13/2025
0

...

Funding

UK Government Launches £500 Million Fund to Propel Regional Tech Innovation

by Tech Gist Africa
10/09/2025
0

...

AI funding

EU Unveils €1 Billion ‘Apply AI’ Strategy to Boost Domestic AI Adoption

by Tech Gist Africa
10/09/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.