In 2022, we announced our investment of up to $50 million in Virunga Power – a renewable energy company that is developing, investing in, and operating pioneering rural electricity projects in Africa.
Three of the countries where Virunga Power operates – Zambia (15%), Malawi (6%) and Burundi (2%) – have some of the world’s lowest rural electrification rates.
In this video, Gridworks Director Shaun Githuku shares more on why we wanted to back the business:
You can read more about our investment in Virunga Power in our new Development Report: https://impact.gridworkspartners.com/virunga-power