Energy: African Markets and Energy Companies

energy: The funds will also help BBOXX, which operates in Rwanda, Kenya, Togo and the Democratic Republic of the Congo, to break into new African markets, where an estimated one in three people live without reliable access to electricity, according to The Guardian. BBOXX is one of a growing number of energy companies to plug into the demand for energy across Africa and south Asia. The conglomerate has taken a stake in off-grid solar company BBOXX through the start-up's latest funding round, which will power the Africa-focused company deeper into Asia. The falling cost of solar technology and the strength of mobile banking across Africa have encouraged major investments from global energy companies including US giant General Electric and France's EDF and Engie. The funding is further evidence of Japanese interest in Africa and in PAYG pay as you go solar energy globally, he said. Mansoor Hamayun, BBOXX's chief executive and co-founder, said Mitsubishi's extensive reach and technological expertise would help the company to supply more people living without access to modern utilities and services. (news.financializer.com). As reported in the news.