The popular SolarCity leasing model moves into the African continent. DBL Partners, the same venture capital fund that supported SolarCity for many years, has led the largest venture capital funding for distributed energy in Africa. Off Grid Electric announced today that it raised $25 million in a Series C investment. Off Grid Electric, based in California and Tanzania, is installing  solar  in over 10,000 homes and businesses per month with what it calls “its radically affordable solar leasing platform.” The company designs, manufactures, sells, installs and services solar home units in Tanzania and is announcing today that it will be entering Rwanda. The agreement with the government of Tanzania targets one million home solar installations in the next three years. Off Grid Electric conducts door-to-door sales through a team that travels to rural parts of East Africa. The product includes more than just solar; also providing customers with efficient appliances such L...

Top International and African business leaders to meet in Washington, DC for the Frontier 100 Forum from October 19-21 Given the ever-increasing influence of African born- and bred- businesses in driving economic growth and prosperity in Africa, The Initiative for Global Development’s Frontier 100 Forum will strategize on how to strengthen Africa’s private sector development to spur innovation, job creation, and global competitiveness on the continent. The Frontier 100 Forum will be held on October 19-21, in Washington, DC. The Initiative for Global Development (IGD) is a U.S.-based organization that engages a network of leading global business leaders from the U.S., Africa and other regions in creating growth and alleviating poverty in Africa through strategic, successful business investment. The Frontier 100 Forum, which begins on Oct. 20, is an exclusive, invitation-only biannual event that brings together CEOs and senior executives from the IGD network of U.S., Afri...

ఆఫ్రికా వ్యవసాయంలో పెట్టుబడి న్యూఢిల్లీ : భారత ఇన్వెస్టర్లు ఆఫ్రికా ఖండ దేశాల వ్యవసాయ రంగంలో పెట్టుబడులు పెట్టేందుకు చక్కని అవకాశం వేచి చూస్తోంది. భారత ప్రభుత్...