The acquisition reflects a broader trend in Africa’s distributed energy sector, where early movers are now becoming targets for consolidation as newer entrants seek to de-risk market entry and achieve scale.
Despite the proliferation of fintech, e-commerce, and logistics platforms across Africa, a lack of formal addresses remains a blind spot in infrastructure.
The fund will also support ecosystem development, from policy engagement and evidence generation to cross-sector convening, in order to accelerate market adoption.
