So, like a number of new technology companies seeking to scale up their programmes in Africa, he turned to a crowd funding company. In Kenya, EcoZoom received 170,000 euros in February, while 160,000 euros went to Azuri East Africa, part of Azuri Technologies. “Crowd funding is clearly no longer just for start-ups and has the potential to provide a new class of capital for energy access,” Bransfield-Garth said. Azuri East Africa turned to crowd funding when it wanted to raise cash to help its Kenyan partner, Raj Ushanga House, sell solar panels to 1,200 homes, helping 6,000 people access electricity. Crowd funding needs to be carried out by specialised firms that are well versed with the concept, he added.

Source: Standard Digital April 25, 2017 10:41 UTC