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Banks don't fund African renewable energy startups. So where can founders find money?


Alexander O. Onukwue
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Small and medium scale enterprises in Africa receive about $70bn of credit each year. But the International Finance Corporation estimates that the gap exceeds $300bn.
Why does the gap exist?
Michael Famoroti, chief economist at Stears gave two reasons during a recent TechCabal Live event on financing renewable energy companies in Africa.
First, there is an information problem. 
Credit providers seem to lack enough information with which to assess the risk worthiness of many borrowers. This problem exists at the retail level as most bank customers who have tried to take personal loans will be aware.  ....

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Four projects receive DAFM funding to tackle food waste


May 17, 2021 10:52 am
A number of food waste-reduction projects have received funding through the Department of Agriculture, Food and the Marine (DAFM), under the Rural Innovation and Development Fund.
Minister for Agriculture, Food and the Marine, Charlie McConologue, has announced that €180,000 will be allocated to help reduce the waste that is generated by businesses, retailers and wholesalers, or suppliers in rural areas.
Food-waste projects
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Clean Technology Centre, Cork Institute of Technology (CTC-CIT) has been granted
€59,900 to provide an online training programme for the industry for national roll out to tackle waste in businesses;
Food Cloud has been granted
€59,400 for its project that seeks to investigate the potential for increasing surplus food redistribution from the Irish horticulture sector; ....

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Minister announces €180k funding for food waste reduction projects


Minister for Agriculture Charlie McConalogue. \Philip Doyle
Food waste reduction projects are to receive almost €180,000 in funding under the Rural Innovation and Development Fund, Minister for Agriculture Charlie McConalogue has announced.
Minister McConalogue said the projects would “contribute to our commitment to reduce the amount of food we waste in accordance with the United Nations sustainable development goals, including SDG 12.3, which calls on all nations to halve food waste and reduce food loss by 2030 .
“These initiatives will further enhance the work previously funded to identify, target and address what is a rapidly growing issue not just here in Ireland but globally. ....

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GLORY OGUEGBU: My Ultimate Goal is to Contribute to Zero Carbon Africa


Women ENTERPRENEURS 2
Founder and CEO of Renewable Energy Technology Training Institute (RETTI), Ms. Glory Oguegbu’s passion for renewable energy began after her parents moved to another part of town, a quiet community, where they had built their home. This place was without electricity connections and totally off-grid. This inspired her to begin the search for a sustainable electricity solution for her parents. Oguegbu, who is also the founder of RETTI Virtual University and Glow Initiative for Economic Empowerment, a non-profit organisation is using her Solar UP Nigeria Programme to reach off-grid communities with access to electricity such as their recent project – Solar for Schools Community Project which powered a rural school with solar enabling kids study computer. She has received numerous awards and recognition, which include the Nigerian Star from the US Mission in Nigeria (2019), The Young Energy Professional of the Year Award by Nigeria Energy Awards (2018). In ....

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