In our home, Africa, nearly 600 million people lack access to energy, while many more, almost a billion, use traditional and emitting fuels for cooking. This lack of access restricts opportunities, undermines health conditions, and reduces a household’s potential to rise out of poverty.
With Africa needing over US$70 billion in additional investment per annum until 2030, it is clear that the current levels of public sector financing and aid will not deliver SDG7: Affordable and Clean energy access for all in Africa.
At AECF, we approach poverty alleviation differently. As a pioneering African based and focused development organization, we mobilize patient capital and an ecosystem of services to surface innovative, inclusive, small and medium
enterprises to drive the energy revolution for those who need it the most. To date, we have invested, supported and scaled 175 clean and renewable energy businesses to deliver an energy revolution for nearly 2 million households, created over 9,000 direct jobs, and opened new markets that have attracted over US$370 million in private capital.