• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    East African Community Unveils Bioeconomic Strategy for the next Decade
    Africa Exchange Fair Trade Limited (AFEX) Expands Into Kenya, Target High Commodities Trading While Bolstering the Continent’s Food Security
    Ghana & Nigeria to Improve Cross-Border Trade
    Tanzania Seeks to Reach New Record Cashew Production by 2025
    Nestle Nigeria Capitalized Rural Women to enable Financial Capacity and boosting Standard of Living
    World Trade Organization published…Trade plays an Important facet in Access to Medical, Goods and Services
    African Development Bank Group President Calls for More Partnerships to Build Africa’s Social Infrastructure
    Ghana, Key Stakeholders: Sign a Renewable Energy Agreement Worth US$69.88 Million to Improve Access and Socio-Economic Development
    Africa Development Bank Approves $1.5 Billion Facility to Counter Food Crisis on the Continent
    Sh32 Billion of Phase 2 of Second Container Terminal of the Kenya Ports Authority at the Port of Mombasa is finished off and…commissioning in June of 2022

    A Woman led Startup in Zambia – WidEnergy Hoists Fresh Appropriation to Scale its Impact

    Posted On 28 Nov 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 10

    By Abdul Rahman Bangura–

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  Zambian startup WidEnergy – a woman-led for-profit social investment, has committed to female grant and the growth of affordable energy access, has boosted a new round of funding to nurture scale its impact. WidEnergy, is an acronym for “Women in Development,” reflecting the startup’s goal of committing women as effective players in Africa’s energy evolution, leverages a pay-as-you-go (PAYG) criterion to give solarpowered homes and appliances.

    The startup toils with female sales agents to disseminate renewable energy solutions across Zambia, focusing on core aptitudes in lending and diffusion to develop a high-quality lending portfolio with minimized insolvency hazards.
    WidEnergy secured an undisclosed amount of funding from the Germany-based GreenTec Capital in July of 2019 to improve its operations, and has since illustrated strong traction – almost doubling its customer base in 2019. It has now secured further investment from ShEquity, a newly-launched investment automobile that concentrates on delivering smart and sustainable investments for African female entrepreneurs and innovators.

    “We are committed to improving the lives of the many people living without reliable electricity and energy. More especially during the current COVID-19 days. With a business as capital intensive demanding as ours, “who supports you” along the way, determines how you thrive,” stated Liliane Munezero Ndabaneze, Chief Executive
    Officer (CEO) of WidEnergy Africa.

    “We are confident that the timely ShEquity investment in WidEnergy will enable us to navigate through these uncertain times and that we will together flourish and reach greater heights. We are excited at the possibilities this partnership presents.”

    Pauline Koelbl, ShEquity Founder and Managing Director, noted she was pleased to invest in WidEnergy.

    “The impact of having access to electricity is widely known: for instance, having access to electricity improves education by increasing study time by 50 per cent. WidEnergy has demonstrated how access to green energy has a positive impact on health, education and overall families’ livelihoods. We look forward to working together with
    WidEnergy team to multiply its impact on many African lives, especially women and girls,” she asserted.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Rwanda Approves Deal for the Ratification of Bilateral Air Service Agreements with Five Countries

    Next Story

    After a Pandemic the Lull of Eight Months, Local Startup Snags a Glimpse of Business Bang in Sierra Leone

    10 Comments

    1. Grace November 28, 2020 at 10:49 pm Reply

      Great reporting and am so happy to see WidEnergy progress, yes woman led for profit company. Lusaka Zambia. Grace

      • New Africa Business News, Staff Correspondent November 28, 2020 at 10:50 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Akin November 28, 2020 at 10:54 pm Reply

      A Woman led Startups should be widely encourage, in Africa. Lagos Nigeria. Akin

      • New Africa Business News, Staff Correspondent November 28, 2020 at 10:54 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Wilson November 28, 2020 at 10:58 pm Reply

      I love to see lot more Women lead Companies, all over our great Continent. Tanga Tanzania. Wilson

      • New Africa Business News, Staff Correspondent November 28, 2020 at 10:59 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Johann November 28, 2020 at 11:02 pm Reply

      Thank you for your beautiful newsletters sent to me. Johannesburg South Africa. Johann

      • New Africa Business News, Staff Correspondent November 28, 2020 at 11:03 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Martin November 28, 2020 at 11:08 pm Reply

      Thank you for registering me to the newsletter. Oslo Norway. Martin

      • New Africa Business News, Staff Correspondent November 28, 2020 at 11:09 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    East African Community Unveils Bioeconomic Strategy for the next Decade

    Posted On 29 Jun 2022

    Africa Exchange Fair Trade Limited (AFEX) Expands Into Kenya, Target High Commodities Trading While Bolstering the Continent's Food Security

    Posted On 24 Jun 2022

    Ghana & Nigeria to Improve Cross-Border Trade

    Posted On 21 Jun 2022

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    New Africa Business News, Person of the Year 2020-2021, Goes to Dr. Arikana Chihombori Quao

    Posted On 01 Jan 2021

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Facebook

    Latest Posts

    East African Community Unveils Bioeconomic Strategy for the next Decade

    Africa Exchange Fair Trade Limited (AFEX) Expands Into Kenya, Target High Commodities Trading While Bolstering the Continent's Food Security

    Ghana & Nigeria to Improve Cross-Border Trade

    Recent Posts

    • East African Community Unveils Bioeconomic Strategy for the next Decade
    • Africa Exchange Fair Trade Limited (AFEX) Expands Into Kenya, Target High Commodities Trading While Bolstering the Continent’s Food Security
    • Ghana & Nigeria to Improve Cross-Border Trade
    • Tanzania Seeks to Reach New Record Cashew Production by 2025
    • Nestle Nigeria Capitalized Rural Women to enable Financial Capacity and boosting Standard of Living

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.