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Africa Enterprise Challenge Fun (AECF) Launches US $8.5Million Grant to support Clean Energy Businesses in Somalia

Africa Enterprise Challenge Fun (AECF) Launches US $8.5Million Grant to support Clean Energy Businesses in Somalia

Growth & Insight
The Africa Enterprise Challenge Fund (AECF) (AECFAfrica.org) has launched a US$ 8.5 million grant facility to support adoption and diversification of renewable energy solutions in the Somalia and Somaliland. This is a component of the REACT Sub Saharan programme, that seeks to reduce poverty through a transformational increase in the use of renewable energy by off-grid households.   “The Somali market presents a unique opportunity for us and other development partners to change the narrative on 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 private sector in renewable energy value chains is pivotal,” said Victoria Sabula, Chief Executive Officer of AECF. "In addition t...