SolarNow Goes Dark: East Africa’s Solar Pioneer in Liquidation
SolarNow Services (K) Ltd was put into voluntary liquidation on 13 May 2025. The company had sold over 37,000 solar systems and employed about 900 people across 65 branches in Uganda and Kenya.
IFC Commits $25M to Acumen’s Fund for Expanding Energy Access in Africa
IFC commits up to $25 million to Acumen’s H2R Fund. H2R Fund aims to electrify 72 million people in Sub-Saharan Africa over ten years.
Rwandan Electric Motorcycle Company Ampersand Secures $19.5 Million Investment
Ampersand secured a significant investment of $19.5 million through debt and equity funding. The funding round was led by the Ecosystem Integrity Fund and included participation from notable investors such as Acumen and the Hard Edged Hope Fund.
