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Zambia in line for green fund

ZAMBIA is one of the four countries expected to benefit from the US$265 million Africa Enterprise Challenge Fund (AECF) to support innovative business models in renewable energy and agri-business, among other sectors.

The models are envisaged to exhibit adaptation to markets and increase access to electricity through off-grid stand-alone Solar Household Systems (SHS).

AECF is an Africa-based challenge fund that aims to reduce poverty by supporting private sector businesses that have a positive impact on rural communities in sub-Saharan Africa. In an interview last week, AECF chief executive officer Paul Greener said the Fund’s Renewable Energy and Adaption to Climate Technologies Household Solar (REACT-HS) window is holding competitions aimed at driving innovation in companies that have the potential to build affordable off-grid stand-alone household solar systems in Zambia, Malawi, Zimbabwe and Sierra Leone.

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