29 Mar 2023
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New report shines spotlight on e-mobility innovators unlocking access to the US$3.65bn motorcycle market in sub-Saharan AfricaElectric motorcycles are set to be a dominant force in sub-Saharan Africa’s sustainable mobility transformation, but continued investment in start-ups tackling barriers across the value chain will be critical to maximise the full potential, says a report recently released by |
9 Feb 2023
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PREO extends technical assistance to non-portfolio companies to achieve greater impactOver the past two years, PREO has delivered critical technical assistance (TA) support to 17 private sector companies, from pre-revenue start-ups to global market leaders, operating in the e-mobility, solar irrigation, cold storage, and financial services sectors across sub-Saharan Africa. |
5 Dec 2022
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Solar power and business model innovation set to increase income for Malawian women farmers and local food securityLack of irrigation, refrigeration and access to markets are responsible for the loss of over a third of the crops produced by smallholder farmers in Malawi, making it hard to earn a decent living through agriculture. Women farmers are particularly |
5 Dec 2022
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COP27 Wrap UpLast month the PREO programme showcased the exciting contributions it’s making within the productive use of energy space at COP27. COP27 took place on 6-18 November in Sharm el-Sheikh Egypt marking the 27th UN Climate Change Conference of the Parties. |
5 Dec 2022
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Heifer International Uganda kicks off construction of solar power for chilling facilities to improve profitability of rural dairy producersHeifer International Uganda held a ground-breaking event in Kiboga district last week to mark the start of engineering works for the solarisation of five dairy cooperatives’ milk collection sites planned across the central and southwestern Ugandan milk shed under the |
14 Oct 2022
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Good Nature Agro receive PREO funding to transform the livelihoods of small-scale Zambian farmers with irrigation-based contract farmingGood Nature Agro (GNA) has been granted €160,000 by PREO (Powering Renewable Energy Opportunities) to improve the productivity and profitability of small farms in Zambia through the introduction of an irrigation-based contract farming system. Solar-powered irrigation will boost the incomes |
30 Sep 2022
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IKEA Foundation and partners gather in Kenya and learn how PREO companies are driving agricultural development through innovationIn September 2022, IKEA Foundation coordinated a series of site visits in Kenya bringing together partners with a stake in energy and agricultural projects to see the progress made by projects, including two portfolio companies supported by PREO. Aiming to |
15 Jun 2022
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Zembo launches the first African intercity e-corridor for electric motorcyclesZembo has launched the first intercity e-corridor for e-motorcycles in Africa. By installing charging stations along the 120km Kampala-Masaka highway in Uganda, this one-of-a-kind project will help to prove that solar-powered e-mobility is a viable, climate-smart alternative to petrol-powered motorcycles, |
4 May 2022
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PREO’s blended finance strategy sets tone for private capital investment for early-stage companies in AfricaIn 2015, all United Nation Member States pledged to end poverty and protect the planet by 2030, through a coordinated universal agenda that involved the 17 Sustainable Development goals (SDGs). Before the global COVID-19 pandemic hit, the estimated annual financing |
14 Feb 2022
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4R Digital gets PREO funding to launch affordable solar water pumps and irrigation kits in KenyaThe digital finance solutions agency 4R Digital is set to receive €198,000 funding from PREO, the Powering Renewable Energy Opportunities programme, for a partnership project with water equipment supplier Davis & Shirtliff. The project seeks to address the need for |