LONDON, England, June 15, 2017-- PEGAfrica has been announced as a winner of a 2017 Ashden Award, the world's leading award for green energy innovation. PEG won the Ashden Award for Innovative Finance, which is supported by Citi, for their work in delivering Pay As You Go solar and financial inclusion to underserved communities in West Africa.
ACCRA, Ghana, January 13, 2017-- PEGAfrica, West Africa's leading pay-as-you-go financing company, announced a new nationwide partnership with BIMA, the global microinsurance and health pioneer, and Prudential Life. Eligible PEG customers will receive free insurance cover as a reward for loyalty and timely loan repayment.
ACCRA, Ghana, November 2, 2016-- PEGAfrica, West Africa's leading pay-as-you-go financing company, with operations in Ghana and Cote d'Ivoire, has been awarded a grant to pilot strategies to make it easier for customers to pay through mobile money. The grant was provided by the Scaling Off Grid Energy Grans Challenge, an initiative of USAID in partnership with DfID and Shell Foundation that is supporting solar home system companies to scale up commercial delivery of modern energy services to households in Sub-Saharan Africa.
ACCRA, Ghana, November 1, 2016-- PEGAfrica (PEG) has announced a $1.5m USD debt raise to fund the purchase of solar home systems that will reach 75,000 people in Ghana. The funding was raised from leading energy access debt providers, and follows a $7.5 million equity round in June 2016. It will help PEG reach its goal of providing financing to half a million households in West Africa by 2020.
ACCRA, Ghana, Nov. 11, 2015-- The Honorable Minister Grant Shapps from the United Kingdom (UK) on Wednesday November 11, 2015, visited the PEG Ghana Solar facilities at East Legon, a suburb of Ghana’s capital city — Accra. PEG Ghana Solar is a local firm pioneering the provision of affordable solar energy solutions.
ACCRA, Ghana, Sept. 9, 2015-- PEG, a West Africa focused company that provides solar home systems to rural and remote customers on Pay As You Go (PAYG) payment plans, announced today that it raised $3.2 million to expand its presence within Ghana, and explore other markets. The funding round was led by the impact investment fund I&P Afrique Entrepreneurs, and included the Impact Assets Emerging Markets Climate Fund, French corporate impact investment fund "ENGIE Rassembleurs d'Energies", the German based development finance institution DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH with funds from its Up-Scaling Program, US based debt provider SunFunder, as well as other impact investors.