BUSINESS TRENDS IN AFRICA 2019 : Off Grid Electrification
Rural electrification remains one of the continent's major challenges, with around 600 million people in Africa still unconnected. But one of the continent's most encouraging technology stories is that entrepreneurs and start-ups are stepping into the breach.
Kenya-based company M-Kopa's home solar energy kits have already connected an estimated 600,000 households, financed by mobile money, and that figure is likely to soar in the coming year with heavyweight investors supporting the venture. The company expects to pass $100 million a year annual revenue in the coming years.
M-Kopa's success is being followed up by Uganda-based Fenix, which had sold 140,000 solar kits by 2017, and BBOXX which distributes kits in 10 African countries. New start-ups are rapidly proliferating to fill the space.
These initiatives have created jobs and stimulated economic activity in rural areas. But their true power lies in "opening a whole university of opportunity" for marginalised people, says Leke. From allowing children to do their homework at night to the new possibilities of the Internet, off-grid energy could go a long way to releasing potential across the continent.
source: By Kieron Monks, CNN
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