The African continent is one of the world’s last frontier markets. While more established markets such as Europe, India and China have aging and often declining populations, Africa’s young populations are rapidly growing from the current level of 1.2 billion people, and are expected to double to 2.5 billion people by 2050.
Fueled by this population growth Africa is experiencing a strongly rising demand for both basic goods and services such as reliable energy, as well as consumer goods. The flipside of the coin are rising levels of pollution and waste throughout the African continent.
Africa-focused Solar Energy Company Daystar Power Closes $26 million Funding Round
African energy startup, daystar Power Africa has closed a $10 million investment from verod Capital Management and persistent Energy Capital. The new round of funding comes at a time when the company looks to accelerate energy solutions for industrials and commercial customers.