Partnering with Enel will give Seedstars a unique opportunity to reward tech startups striving to tackle the African continent’s energy challenges.
The energy sector of sub-Saharan Africa is not yet able to meet the needs and aspirations of its citizens, with almost 600 million people lacking access to electricity. Only seven countries; Cameroon, Côte d’Ivoire, Gabon, Ghana, Namibia, Senegal, and South Africa, have electricity access rates exceeding 50%.
The rest of the region has an average grid access rate of just 20%. We believe this challenge is surmountable and the benefits of success are immense, as increasing access to reliable energy can turbo-charge economic growth in sub-Saharan Africa which is already home to several major energy producers, including Nigeria, South Africa, and Angola.
The use of modern renewables is growing in Africa, and fostering this growth is imperative as African countries are in a unique position: they have the potential to leapfrog the traditional centralized utility model for energy provision. This partnership allows us not only to seek the new breed of “solar-preneurs” who have identified solar power as the solution but also to support them in deploying …read more