NIGERIA: All On invests $ 1 million in Salpha Energy solar home systems

In Nigeria, Salpha Energy receives new financial support to accelerate its operations in rural areas. Recently, the Lagos-based company received a $ 1 million investment from All On, an investment firm funded by Anglo-Dutch oil company Shell. The financing will allow the solar kit supplier to expand its range and stock of equipment dedicated to electrification.

According to All On, its investment will also help expand sales channels and customer service infrastructure, and test more flexible pricing models to sustainably manage rural customers in Nigeria’s states. “All On’s contribution will enhance a highly scalable opportunity by rapidly deploying power assets to homes in Nigeria and facilitate the adoption of a sustainable electricity payment culture in the Niger Delta and beyond.” says the investment company headed by Wiebe Boer.

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Salpha Energy claims 350 users made up of individuals, cooperatives and small businesses. Its solar systems are distributed through mobile money, a mobile phone payment service. To do this, Salpha Energy has signed partnerships with providers of this financial inclusion service, including InfiBranches, Paga and Interswitch.

All On’s investment complements a $ 50,000 financing secured by Salpha Energy as part of the Nigeria Off-Grid Energy Challenge. The competition, hosted by All On and the US Afrikans Development Foundation (USADF), aims to provide funding to Nigerian companies that develop, scale or scale the use of proven off-grid energy technologies to reach communities not served by the national electricity. Grid.

The most populous country on the African continent with a population estimated by the World Bank at more than 206 million inhabitants by 2020, Nigeria has an electricity access rate of 60% according to Power Africa. In rural areas, 66% of households still do not have access to electricity.

Jean-Marie Takouleu

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