Is Lighting Africa investing in the development of new technologies? Isn that risky?
Response: Lighting Africa is not investing in the development of new technologies. Thus, Lighting Africa will not select, prescribe or bet on any specific technical solutions.Instead, Lighting Africa acts as facilitator or enabler of private sector development in new and existing products that have the potential to meet the lighting needs of the off-grid populace in Africa. The World Bank Group can help mitigate barriers, bridge market gaps, and facilitate cost-effective lighting choices for the poor. By providing access to market intelligence and expertise, mobilizing governments to address policy concerns, supporting financing and risk mitigation instruments, and serving as an honest broker between public, private, and civil organizations, the World Bank Group can support industry efforts to transform markets and increase benefits for those living in poverty.
Lighting Africa is not investing in the development of any single technology or company. Thus, Lighting Africa will not select, prescribe or bet on any specific technical solutions. Instead, Lighting Africa acts on behalf of all industry players as a “neutral broker,” as a facilitator or enabler of private sector development in new and existing products that have the potential to meet the lighting needs of the off-grid populace in Africa. Lighting Africa seeks to help mitigate barriers, bridge market gaps, and support the delivery of cost-effective quality lighting options for the poor. By providing access to market intelligence and expertise, mobilizing governments to address policy concerns, supporting financing and risk mitigation instruments, and serving as an honest broker between public, private, and civil organizations, the World Bank Group can support industry efforts to transform markets and increase benefits for those living in poverty.
