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Home Climate

Smart Energy Solutions for Africa calls for entrepreneurs to fund sustainable energy

TechGist Africa by TechGist Africa
October 17, 2022
in Africa, Climate, Venture Capital
Reading Time: 2 mins read
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The first “SESA Call for Entrepreneurs” has been made public by the Smart Energy Solutions for Africa (SESA) consortium project, which is looking for small and medium-sized businesses, particularly those led by women, with a focus on sustainable energy solutions in Ghana, Malawi, Morocco, and South Africa.

The SESA project, which is supported by the European Commission, intends to test, validate, and then reproduce creative approaches and business models to quicken the green transition throughout Africa.

Also read: AfDB approves US$75M risk participation agreement facility for FirstRand Bank to enhance trade finance

SESA, which has a 48-month duration and is operative in nine African nations, including Ghana, Kenya, Malawi, Morocco, Namibia, Rwanda, South Africa, and Tanzania, was inaugurated in October 2021.

Siemens Stiftung is a consortium partner and will offer selected entrepreneurs money ranging from EUR50,000 (US$49,000) to EUR70,000 (US$69,000) per business over an 18-month term, as well as the chance to participate in the SESA Incubator Program.

Dr. Nina Smidt, managing director of Siemens Stiftung, stated that the call “leverages social entrepreneurs’ talents, skills, and ideas to not only combat climate change but also pave the road for social and economic growth in rural areas.”

“The role of women is fundamental to this shift. The participation of vulnerable populations more exposed to climate risk is made possible by supporting female-led businesses, hastening the achievement of the Sustainable Development Goals set forth by the UN,” Smidt added.

Also read: DP World reaffirms commitment to developing African sport and culture

The deadline for applications is November 20, 2022.

SESA’s Incubator Programme will launch in February of 2023.

Related

Source: TechGist Africa
Tags: africaBusinessclimateDr. Nina SmidtEuropean CommissionGhanaKenyaled by womenMalawiMoroccoNamibiaRwandaSESASiemens StiftungSmart Energy Solutions for AfricaSmart Energy Solutions for Africa calls for entrepreneurs to fund sustainable energySouth AfricaSustainable Development GoalsSustainable EnergyTanzaniaventure capitalафрикаأفريقياアフリカ非洲
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TechGist Africa

TechGist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across.

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