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Yellow Malawi Secures $2 Million Investment to Provide Energy Access for 182,000 People
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Yellow Malawi, a leading solar energy distribution company, has secured a $2 million investment from Acumen’s Hardest-to-Reach (H2R) initiative. The Yellow Malawi Energy Investment will allow the company to expand its inventory of solar home systems, providing energy access to 182,000 people, including 145,000 who will receive electricity for the first time.
New Yellow Malawi Energy Investment Expands Its Customer’s Base
The investment will be disbursed in two parts. The first $1 million tranche will be in US dollars, with repayments in Malawian Kwacha.
A subsidy from TCX EU Market Creation Facility will lower hedging costs. The company will disburse and repay the second tranche in US dollars, reducing foreign exchange risks and supporting Yellow Malawi’s growth.
This multi-currency approach is designed to mitigate FX exposure, allowing Yellow Malawi to cultivate a sustainable revenue stream while expanding its customer base.
Yellow Malawi has established itself as a key player in the solar energy sector, having served over 530,000 customers since its inception. The company has developed a profitable business model through its PAYGo energy provision system, a network of over 1,000 sales agents, and the technology platform Ofeefee.
Also Read: Chapel Hill Denham Named Best Investment Bank in Nigeria
New Yellow Malawi Investment Provides A Sustainable Energy Future In Malawi
This integrated approach has allowed Yellow Malawi to effectively address the energy needs of off-grid households at scale.
Maya Khonje-Stewart, Co-Founder of Yellow Malawi, expressed enthusiasm about the partnership, stating, “This collaboration with Acumen allows us to reach even more Malawians who deserve access to clean, affordable, and reliable energy.”
“Acumen’s Hardest-to-Reach initiative understands the unique local context and has designed financing that not only meets our needs but also advances our mission to bring energy to those who need it most.”
“The innovative structure addresses critical risks to our business and customers in Malawi, enabling us to deliver reliable and clean energy solutions to more households.”
As the partnership between Acumen and Yellow Malawi unfolds, it represents not just a financial transaction, but a shared vision for a more sustainable energy future in Malawi and beyond.
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