· Game-changing partnership between super-platform Bboxx and Kuwait’s EnerTech delivers electrification platform to turbocharge Bboxx’s on-the-ground impact across 11 markets
· It will connect millions of new customers with a bundle of clean energy, clean cooking, smartphones, smart financing and e-mobility products – many for the first time
· Announced during COP28, this innovative initiative will help close the climate finance gap in Africa, unlocking access to essential services for millions.
Dubai, 13th December 2023 – Millions in Africa are set to get access to clean energy, clean cooking, e-mobility services and other innovative products following today’s announcement of a first-of-a-kind electrification platform, valued at up to USD$100 million. This pioneering initiative is the outcome of a partnership signed at COP28 between Bboxx, a data-driven super platform, and EnerTech, a Kuwait-based innovator, investor and developer of end-to-end sustainability solutions.
This partnership marks a joint commitment to deliver clean technologies and will enable Bboxx to expand its impact tenfold, from currently serving 3.6 million people to benefiting 36 million people by 2028.
The collaboration marks a transformative phase in Bboxx’s ability to transform lives across sub-Saharan Africa, from Lagos to Nairobi. Bboxx’s approach involves connecting consumers with a variety of innovative products at scale throughout the continent.
Central to its rapid scaling capabilities is Bboxx Pulse®, a fully integrated operating system, with an extensive on-the-ground network that connects customers with clean energy, clean cooking, smartphones, smart financing, and e-mobility, many of which are being accessed for the first time by these communities.
Funding from this first deal with EnerTech, expected to commence in the first quarter of 2024, will facilitate rapid development and deployment of these essential services. The investment is to significantly deepen Bboxx’s market penetration and, subsequently, its impact on underserved individuals and communities.
“With this strategic alliance, Bboxx will turbocharge the impact we have on communities across sub-Saharan Africa.” said Mansoor Hamayun, CEO at Bboxx. “Our shared vision is to transform the lives and livelihoods of our customers by giving them access to clean and affordable energy, clean cooking, e-mobility and technology like smartphones, that genuinely unlock their potential, day by day. This collaboration with EnerTech is a testament to our commitment to providing sustainable solutions to communities across Africa.”
Mr Hamayun added: “This is the latest example of partners seeing and seizing this massive market opportunity and plugging into Bboxx – developed through green tech and big data and designed for scale.”
Abdullah Al Mutairi, CEO of EnerTech, said: “Through our partnership with Bboxx, we are delivering on our mission to drive impactful, transformative projects that uplift climate-affected, underserved communities. The electrification platform will deliver much needed climate finance to projects that are set to have a beneficial impact on communities – aligning with the UN Sustainable Development Goal for providing affordable, reliable, and sustainable energy access. The collaboration will also play a pivotal role in our progress towards carbon neutrality and delivering real change on the ground.”
This announcement marks the beginning of a series of strategic partnerships with the State of Kuwait, which aims to reach Net Zero by 2060 and is a key player in shaping and advancing the carbon market in Africa.
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Notes to Editors
Contacts:
Nicholas Moore (+44 7527 695 154 | nicholas@impactandinfluence.global)
Sarah King (+44 7900 975473 | sarah@impactaninfluence.global)
About Bboxx:
Bboxx is a data-driven super platform, transforming lives and unlocking potential by connecting consumers and deploying innovative products across Africa.
Bboxx is championing the economic empowerment of Africa, accelerating the transition to the digital economy and creating new markets. We have built Bboxx Pulse®, a fully integrated operating system, and combined it with an extensive on-the-ground network to connect customers with clean energy, clean cooking, smartphones, e-mobility and selected financial products – many for the first time.
We are connecting both underserved rural communities and aspiring urban ones with a highly convenient and affordable way to access life-changing solutions, through last mile logistics and data-powered innovative financing methods. We offer our services on a pay-as-you-go basis to households, businesses, and communities, enabling African consumers to unlock their potential.
We build strategic partnerships with investors, utilities providers, global companies, and governments to accelerate growth and provide a wide range of products to consumers in Africa. Our partners are seizing a massive market opportunity by plugging into Bboxx – developed through green tech and big data and designed for scale.
Following the successful acquisition of solar energy frontrunner PEG Africa in 2022, Bboxx is now positively impacting the lives of more than 3.6 million people in 10 operating markets, directly contributing to 11 of the 17 United Nations Sustainable Development Goals. Bboxx and its group of companies is one of the largest networks in Africa, with over 4,000 staff across Africa and offices in the UK and Asia.
For more information about Bboxx please visit bboxx.com and follow us on social channels LinkedIn and Twitter.
About EnerTech
EnerTech Holding Company is a Kuwaiti-sovereign owned investor and developer in the clean energy and sustainable infrastructure sector. Serving as an originator, investor, and developer of sustainable infrastructure projects, EnerTech’s primary focus encompasses four domains: energy and water, recycling and waste management, sustainable agriculture and food security, and clean technology investments. With an extensive project portfolio, EnerTech is actively involved in projects across Latin America, Africa, the GCC, and South Asia.
