The Development Bank of Southern Africa (DBSA) allocated $2.25 million in funding to off-grid energy solutions provider Apalia 24 out of Mauritius. The company specializes in photovoltaic electrical solutions, as well as supply solar televisions and other small electrical equipment divested according to the prepayment model.
Apallia plans to make its debut on the African market in the next year and the DRC will be its first stop on the continent. The company will use these funds to accelerate rural adoption of affordable solar solutions. It plans to start operations in the next 12 months.
"Together, we aim to connect 5,000 households initially by targeting areas of the Democratic Republic of Congo disconnected from the electricity grid. This convertible facility makes DBSA a long-term partner of Apalia 24," said Mohale Rakgate, project preparation manager at DBSA.
The DRC has a rural electrification rate of 1% while nearly 60% of the 86 million Congolese live in rural areas.