A New $4 Million Fund Launched For Off-grid Companies In Kenya By AECF

Off-grid energy startups in Kenya have a new fund to pitch. Africa Enterprise Challenge Fund (AECF) has launched a $4 million financing programme aimed at unlocking new markets for clean energy as well as accelerating access to clean energy for 87,000 unserved and underserved households in Kenya.

“Off-grid energy sector continues to require investment if we are to make notable progress in improving access to affordable and clean energy. We are excited to be launching the REACT RBF programme through which we seek to provide results-based incentives for companies that are increasing access for unserved and underserved communities,” said Victoria Sabula, chief executive officer of AECF. 

Read also: MFS Africa Partners With Xoom To Offer Mobile Money Transfers In Africa

“Energy access remains critical for a sustainable post-COVID-19 recovery and we see REACT RBF helping companies to withstand the Covid-19 effects, recover, and come out stronger on the other side,” she further added. 

Here Is What You Need To Know

  • The programme is funded by the Swedish International Development Authority (SIDA), and will make available funding to energy companies in Kenya, incentivising them to reach more energy-deprived households and significantly increase their access to clean energy. 
  • The RBF projects are expected to be implemented over a 30-month period running from July 2021 to December 2023.
  • Under the programme, the maximum award per company at the time of contracting is US$500,000. However, a flexible reallocation system will allow companies that exceed their milestone targets with a possibility of an increase up to US$1 million.

AECF is a leading development finance firm, which supports businesses to innovate and leverage on investments. The company further stated that the programme will help to improve access to clean and affordable energy given that as of June 2019, 4.1 million people in Kenya live with improved energy access and 3.5 million still without power.

Read also: Facebook Launches Africa’s First Online Community City Guide

Fund off-grid Kenya

This image has an empty alt attribute; its file name is Slide2-1024x576.jpg

What Are The Requirements For Selection?

To qualify, companies must be operating in Kenya (need not be 100% Kenyan-owned). It must also be privately owned, legally registered and have a physical presence in Kenya and must have been effectively marketing their products or services in Kenya for at least two years. 

How to Apply 

To apply for support, please go to and click on the “Apply” button to register on AECF’s secure online application platform. You will be expected to fill out an application form to determine your eligibility against the set criteria (more details in term sheet). Applications will be accepted between 8 December 2020 and 26 January 2021. The application window closes at 11:59 pm (EAT) on 26 January 2021.

To know more, click here

Read full article here

GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges

GFA Attract, GFA Mentorship Program & Application Portal For Funding

Be part of the African transformation by becoming a mentor TODAY!

The African continent is going through a revolution driven by its startups. Your experience could help develop the next Facebook, Google or Netflix. You can be part of this story by volunteering your time to mentor an African startup. Apply Here

GFA Attract Interview

In this Episode of GFA Attract we interviewed Efemini Awosika who is the CEO of Robert &John and Efemini Academy, shehas worked professionally for several years, schooled in different continents and obtained a number of degrees now an entrepreneur. Watch Here

Apply For Funding

GetFundedAfrica provides equity capital from $1,000 to $50,000.
For larger amounts (Above $50,000)
we organize syndicated funding rounds of up to $500,000.
Apply Here

Follow Us

See the source image
See the source image

“Business is always a struggle. There are always obstacles and competitors. There is never an open road, except the wide road that leads to failure. Every great success has always been achieved by fight, every winner has scars. The men who succeed are the efficient few –they are the few who have the ambition and will-power to develop themselves. So choose to be among the few today.”

– Chris Kirubi, Centum Investment, Kenya

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button