Altech offers various solar products
Altech offers various solar products
Goma, Democratic Republic of Congo
Sub-Saharan Africa

About EEGF

The Energy Entrepreneurs Growth Fund (EEGF) is a unique fund created in 2019 by Shell Foundation and the Dutch Development Bank, FMO, to make a critical contribution to the access to the energy sector whilst addressing climate change. Managed by Triple Jump, EEGF provides tailored mezzanine, equity, and debt investments combined with technical assistance to early and growth-stage companies in the access to energy ecosystem in Sub-Saharan Africa.

FinDev Canada and its blended finance facility, 2X Canada, are investing in EEGF to contribute to greater access to clean energy in Africa. EEGF is FinDev Canada’s first 2X Canada transaction, a blended finance facility implemented by FinDev Canada and funded by the Government of Canada. 2X Canada aims to enhance the resilience and socioeconomic well-being of low-income, underserved and marginalized populations, particularly women and girls, in the Caribbean and Sub-Saharan Africa.

FinDev Canada’s financial commitment: $8M

Learn more about EEGF

About Altech

Altech, a portfolio company of Energy Entrepreneurs Growth Fund (EEGF), is a PAYG solar company leading off-grid energy development in the Democratic Republic of Congo. Their mission is to expand access to clean, reliable, renewable and affordable energy for off- and poor-grid households, since only 19% of the population has access to electricity1. Altech aims to impact the lives of over 5 million people through the sale of 1 million products while building Africa’s largest and most reliable distribution network for clean energy solutions (lanterns, solar home systems, solar generators and cookstoves).

Altech has a distribution goal of reaching 1 million households across the DRC by 2025.”

EEGF’s Impact

tons of CO2 eq emissions avoided
10,290 kWp
of additional energy received by end-clients
total beneficiaries reached
jobs supported

Our investment in EEGF supports the following SDGs:

SDG 5. Gender Equality

Achieve gender equality and empower all women and girls

SDG 7. Affordable and Clean Energy

Ensure access to affordable, reliable, sustainable and modern energy

SDG 8. Decent Work and Economic Growth

Promote inclusive and sustainable economic growth, employment and decent work for all

SDG 13. Climate Action

Take urgent action to combat climate change and its impacts

Aimé Bushinga receives her solar light kit from Altech
Aimé Bushinga receives her solar light kit from Altech

Goma, Democratic Republic of Congo

As the largest country in Africa with a population of 99 million people1, the Democratic Republic of Congo has experienced sustained GDP growth since 20202 and is supported by the mining, agriculture, fishing, and forestry industries.

map of Democratic Republic
                  of Congo
Aimé Bushinga uses her solar light while she sews in her home
Aimé Bushinga uses her solar light while she sews in her home
Outside of the Altech store
Outside of the Altech store
Meet the Photographer

Moses Sawasawa

Moses Sawasawa is a Congolese photojournalist whose motivation stems from a realization that the camera can be a powerful tool for social change. He has grown up in an environment of wars that are impossible to photograph, so he has used his art to show people’s daily lives in his home country. His photography has been published by The Guardian, El Pais, BBC, Jeune Afrique, Libé, France 24, TV5World, and RFI, among others. In 2020, he contributed to the book (including the cover photograph) “Congo En Conversation” which chronicles social, political, and economic life in Democratic Republic of Congo, as told by Congolese photographers.