GreenTec Capital has announced that it has made an undisclosed investment in Zambia-based WidEnergy Africa. WidEnergy is a woman-led Zambian for-profit social enterprise dedicated to women’s empowerment and the expansion of affordable energy access.
The company leverages an innovative Pay-As-You-Go model to provide solar-powered homes and appliances.
WidEnergy focuses on expanding access to affordable energy through the innovative application of the PAYGO (pay-as-you-go) model, which has a low penetration rate in Southern Africa providing a large market opportunity.
The company’s name is an acronym for “Women in Development,” reflecting the company’s goal to engage women as active participants in Africa’s energy transition.
Read more from source article: https://www.techawkng.com/2019/06/24/greentec-capital-invests-in-zambias-widenergy-africa/
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