Shell Foundation is an independent non-profit charity based in London, established in 2000 by the Shell Group. The foundation focuses on creating and scaling innovative solutions to address global development challenges, particularly those connected to the energy sector. By applying business principles to social and environmental issues, it aims to achieve significant and lasting impact. The foundation has developed an enterprise-based model that combines financial support, such as grants and loans, with non-financial resources to foster social innovation. It leverages the skills and networks of Shell to enhance its development efforts and strives to harness private markets for public benefit on a large scale.
Kofa is an automotive company that utilizes the latest electric battery and motor technology. The company aims to develop an affordable, sustainable and customer driven electric network in transformative energy, transport, and climate change around the globe. Kofa was founded in Ghana and is headquartered in Accra.
Kofa
Grant in 2025
Kofa is an automotive company that utilizes the latest electric battery and motor technology. The company aims to develop an affordable, sustainable and customer driven electric network in transformative energy, transport, and climate change around the globe. Kofa was founded in Ghana and is headquartered in Accra.
Kofa
Grant in 2024
Kofa is an automotive company that utilizes the latest electric battery and motor technology. The company aims to develop an affordable, sustainable and customer driven electric network in transformative energy, transport, and climate change around the globe. Kofa was founded in Ghana and is headquartered in Accra.
Kofa
Seed Round in 2023
Kofa is an automotive company that utilizes the latest electric battery and motor technology. The company aims to develop an affordable, sustainable and customer driven electric network in transformative energy, transport, and climate change around the globe. Kofa was founded in Ghana and is headquartered in Accra.
AgroCenta
Seed Round in 2021
AgroCenta, founded in 2015 by former Esoko employees Francis Obirikorang and Michael K. Ocansey, aims to enhance the agricultural value chain in Ghana by addressing key challenges faced by smallholder farmers. The company has developed an online platform that connects these farmers directly to national markets, allowing them to sell their commodities at fair prices, thereby reducing reliance on exploitative middlemen. The platform also offers real-time commodity pricing and access to credit facilities. Additionally, AgroCenta has introduced a logistics solution known as TrucKR, which enables farmers in remote areas to easily access transportation services for their goods. This innovative approach not only empowers farmers by giving them control over their sales but also significantly improves their overall market access and economic outcomes.
Ampersand
Grant in 2020
Ampersand is a company based in Kigali, Rwanda, that focuses on manufacturing affordable electric vehicles and charging systems specifically for motorcycle taxi drivers in East Africa. By providing a battery swap network and an operating system, Ampersand aims to make sustainable mobility more accessible and affordable in developing markets. The company's initiatives not only enhance the livelihoods of local drivers but also contribute positively to the environment. As of January 2024, Ampersand has attracted 2,000 customers who collectively travel 1.5 million kilometers weekly in Nairobi and Kigali, illustrating the growing demand for electric mobility solutions in the region.
Persistent
Series B in 2019
Persistent is a venture capital firm established in 2012 and based in Nairobi, Kenya. The company specializes in investing in and developing businesses in underserved markets, with a particular emphasis on early-to-growth-stage enterprises in sectors such as climate, renewable energy, e-mobility, agricultural technology, solar, and water. Persistent aims to provide operational and strategic support to exceptional entrepreneurs, facilitating access to essential services for low-income households, particularly in sub-Saharan Africa. The firm focuses on initiatives that enhance energy access, enabling customers to benefit from electric light, mobile phone charging, and other basic energy services. Through its venture-building model, Persistent seeks to generate both attractive financial returns and significant social and environmental impact.
Rent to Own
Seed Round in 2018
Rent to Own Ltd. is a company based in Lusaka, Zambia, founded in 2010, that focuses on providing affordable financing to small-scale entrepreneurs in rural areas. The company offers a range of essential assets, including refrigerators, hammer mills, and irrigation pumps, which are crucial for farming and food production. By implementing various rental arrangements, Rent to Own assists business owners in building their assets and expanding their services. The company tailors its offerings to meet the specific needs of each client, providing a guided asset selection process, direct distribution, and one-on-one training for equipment maintenance and usage. Additionally, Rent to Own employs a unique six-step loan process that mitigates repayment risk and ensures optimal use of the provided equipment, thereby supporting the growth potential of businesses in these rural communities.
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