Daystar Power opened an office in Accra, Ghana, marking its second branch in West Africa. Daystar Power Ghana will be led by Olaedo Osoka, who has held a leading position for the African Venture Builder Sunray Ventures at various locations since Daystar Power was founded in 2017.
Daystar Power's expansion into Ghana follows its exceptional performance in Nigeria, with the group raising $10 million in equity financing from Verod Capital Management and Persistent Energy recently.
Olaedo Osoka, Head of Daystar Power’s Accra office, is a member of the founding team of Sunray Ventures led by Christian Wessels and Jasper Graf v. Hardenberg and was involved in the founding of Daystar Power in 2017.
Olaedo Osoka, Head of Daystar Power in Accra, said “Our business model has allowed us to save clients up to 20% of energy costs, enabling them to channel their resources into generating additional revenue, returns and improve their environmental footprint. Our mission is also to employ, empower and train young local talent, particularly Ghanaian women. You will note that there are few women in Science, Technology, Engineering, and Mathematics (STEM) in Europe, and the ratio is much worse here; part of our mission is promoting diversity and encouraging women to participate and lead in building Ghana’s energy future."