Expanding the Frontiers of Energy: Pay-as-You-Go Energy

by Alison Kibe

With little to no access to electricity grids in rural areas of Africa, the Nairobi based startup M-KOPA solar launched in 2012 as an effort to provide affordable solar energy units to households in Kenya, Tanzania, and Uganda. A recent press release announced that M-KOPA is entering its fourth round of investment worth $12.45 million (Jackson, 2015). The money will be used to add products to M-KOPA’s line, expand business into East Africa, and license their products for use in other markets (Jackson, 2015). The start up also won the Zayed Future Energy prize in February. Worth $1.5 million, the money will be used to start a development program called M-KOPA University that will focus on developing employees’ business and technical skills (Mutegi, 2015). Continue reading