United Nations has called on
businesses, governments, and
civil society to achieve Sustainable
Energy for All by 2030
Solar Lighting Products Provide Energy Access for 28.5 Million People in Africa
October 15, 2014
According to latest results from the IFC-World Bank Lighting Africa project by July 2014 more than 28.5 million people have gained access to clean, renewable energy solutions and made a switch from kerosene lanterns, accounting for 4.8 per cent of Africa’s population who are did not have access to electricity, a four-fold increase since 2009 when under one per cent of Africans without access to electricity used solar solutions.
IFC estimates that by making the switch from expensive kerosene lanterns families are saving up to USD 10 billion a year. Besides financing facilitated by the World Bank, 8 Microfinance Institutions in Kenya and the crowd-funding platform KIVA played a significant role in providing access to finance.