More
    HomeUpdatesUK Invests $7M in Mopo to Expand DRC Operations

    UK Invests $7M in Mopo to Expand DRC Operations

    Published on

    spot_img

     The UK government has announced a new £13.8 million investment package aimed at expanding access to electricity across Africa, leveraging British innovation and partnering with multilateral institutions.

    The initiative, unveiled by Africa Minister Lord Collins at the Mission 300 Africa Energy Summit, includes a £5.3 million investment from British International Investment (BII) in MOPO, a UK cleantech company. This funding will enable MOPO to expand its pay-per-use battery rental operations in the Democratic Republic of Congo (DRC), where over 80% of the population lacks access to electricity.

    Furthermore, the UK is contributing £8.5 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA). This support will unlock private sector investment in renewable energy projects, including clean cooking, energy efficiency, and the development of solar-powered mini-grids in rural communities.

    “Connecting the continent to clean, reliable energy is vital,” said Lord Collins. “This investment will not only improve the lives of millions of Africans but also demonstrate how UK companies can lead the global clean energy transition.”

    Rachel Kyte, the UK’s Special Representative on Climate, emphasized the importance of reliable and affordable clean energy for economic growth and development. “Clean energy offers an opportunity for inclusive growth,” she stated at the summit. “Helping end energy poverty supports growth, builds resilience, and puts countries on a pathway that helps our common challenge of fighting climate change.”

    BII CEO Leslie Maasdorp highlighted the importance of early-stage solutions in expanding energy access. “This investment in MOPO demonstrates our commitment to creating more early-stage solutions that help expand access to energy for more Africans,” he said.

    The UK government is actively pursuing its Plan for Change, which aims to transform the UK into a clean energy superpower. This investment package aligns with that ambition by championing clean technology innovation overseas and generating opportunities for British businesses.

    Latest articles

    Over $500M Lost in Two Years: Eight Graphs That Map the Blind Spots Behind Recent African Startup Collapses

    The period between early 2024 and mid-2026 has been the most unforgiving in the short history of African venture-backed entrepreneurship.

    From an Angry Post to a $50m Ribbon-Cutting: The Land Battle Behind an Egyptian Deeptech Scaleup’s $50m Factory

    Sixteen months later, on a hot July day in 2026, Egypt's finance minister, Ahmed Kouchouk, returned to a company whose public frustration had once laid bare the country's industrial bureaucracy.

    Why Kenya’s Crypto Clampdown Is a Fortress for Banks

    The new virtual asset rules demand high capital, local custody, and bank-held reserves - creating a moat that traditional lenders are perfectly positioned to fill.

    Near Zero Equity Deals in H1: What Happened to Tunisia’s Startup Ecosystem?

    Data compiled by Launch Base Africa tells the story starkly.

    More like this

    Over $500M Lost in Two Years: Eight Graphs That Map the Blind Spots Behind Recent African Startup Collapses

    The period between early 2024 and mid-2026 has been the most unforgiving in the short history of African venture-backed entrepreneurship.

    From an Angry Post to a $50m Ribbon-Cutting: The Land Battle Behind an Egyptian Deeptech Scaleup’s $50m Factory

    Sixteen months later, on a hot July day in 2026, Egypt's finance minister, Ahmed Kouchouk, returned to a company whose public frustration had once laid bare the country's industrial bureaucracy.

    Why Kenya’s Crypto Clampdown Is a Fortress for Banks

    The new virtual asset rules demand high capital, local custody, and bank-held reserves - creating a moat that traditional lenders are perfectly positioned to fill.