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Energy Access News

CrossBoundary Energy Access financing facility unveiled to address power deficit in Africa

Despite significant progress in access to electricity in Sub-Saharan Africa, there’s still a big gap in the region with over 600 million people lacking access to electricity and the biggest part of the blame is laid on lack of financing. CNBC Africa is joined by Gabriel Davies, Head of Energy Access at CrossBoundary Energy Access a recently launched financing facility...

Africa’s first mini-grid Finance facility Announced-The Rockefeller Foundation and Ceniarth

CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, announced its launch, with funding from The Rockefeller Foundation and Ceniarth. CBEA will initially invest $16 million into mini-grids serving 170,000 people, providing first-time power to homes and businesses. The focus is on markets with supportive mini-grid regulatory frameworks, such as Tanzania, Nigeria, and Zambia. CrossBoundary Energy Access has...