Nithio

📰 Nithio Updates: Join the Nithio Team Nithio seeks a Vice President of Sales to lead and expand our sales strategy, driving growth and innovation in climate finance and energy access. As the VP of Sales, you will oversee cross-functional teams, including Partnerships, Product, and Marketing, to develop sales pipelines, build strategic partnerships, and develop innovative products aligned with Nithio's mission. We seek an experienced professional with expertise in climate finance, renewable energy, or AI-driven platforms. A strong background in emerging markets is essential. We would like to hear from you if you share our values and believe you are a great fit. Learn more and apply here: https://lnkd.in/dsd4mkAh

💡 INDUSTRY INSIGHT: Catch up with Nithio's CEO and Co-founder, Kate Steel, on an engaging podcast with The Energy for Growth Hub, hosted by Katie Auth and Rose M. Mutiso, Ph.D. Kate discusses the need for concessional capital to finance energy access in underserved markets. She highlights how Nithio leverages its AI-powered analytics to unlock financing for energy access and climate resilience by supporting investors and financial institutions in making informed decisions regarding clean energy investments. Additionally, she hints at Nithio's plans in the electric vehicle (EV) market. Kate also imparts valuable advice for growing companies in the energy sector and explains how Nithio can help them better understand and manage their portfolios. 🎧 Listen to the podcast here: https://lnkd.in/epseyMBg

📰 Nithio Updates: Join the Nithio Team! Nithio seeks an Investment Officer to drive innovation and progress in climate finance and energy access. As an Investment Officer, you will be the go-to person to establish and maintain client relationships, identify and develop innovative and bankable financing solutions, and build our African loan portfolio. We are looking for an experienced professional with expertise in climate finance and energy access, specifically in C&I, solar, e-mobility, SHS, mini-grids, clean cooking, and productive use appliances. A strong background in emerging markets is essential. We would like to hear from you if you share our values and believe you are a great fit. Learn more and apply here: https://lnkd.in/dsd4mkAh

📰 Nithio Updates:   We are thrilled to celebrate The Future of Energy team for winning the Digital Energy Challenge Prize for Universal Electricity Access and Mini-Grids. Organized by the Agence Française de Développement and supported by the European Union, this recognition highlights their innovative efforts to scale energy access in Africa. Nithio is proud to support this initiative as a technical partner. The recoverable grant scheme aims to automate small-scale loans, reduce costs, and unlock the SME financing market at affordable rates. Focusing on climate adaptation and mitigation projects is key to the financial sustainability of the energy access sector. Nithio's AI-enabled Risk Analytics Engine will play a key role in outperforming traditional methods of financing. By combining localized geospatial, socioeconomic, demographic, and other data sources, it ensures more precise forecasting of repayment behaviour for this proposed scheme. We also congratulate the other prize winners for contributing to Africa's energy transition. Learn more about the Digital Energy Challenge Prize: https://lnkd.in/eZzm8Bps

📰 Nithio Updates: Nithio Partners with Altech Group to Expand Clean Energy Access in the Democratic Republic of Congo Nithio is thrilled to announce its first investment in the Democratic Republic of Congo (DRC). Partnering with Altech Group, this investment will address the region's urgent need for affordable energy solutions to improve livelihoods, reduce household costs, and build climate resilience. Through Nithio's blended-finance vehicle, the Facility for Adaptation, Inclusion, and Resilience (FAIR), this partnership will expand Altech's solar home systems portfolio, scale e-mobility solutions, and improve household water point products, creating long-term impact. "We are thrilled by the backing from Nithio, which enables us to scale our solar home systems portfolio, expand our e-mobility solutions, and improve our household water point products. This support allows us to broaden our impact across the DRC, reaching more households with sustainable energy solutions. With our extensive distribution network and strong customer base, we are excited to continue meeting our customers' diverse energy needs while driving growth in these key areas." – Malango Washikala, Altech Co-founder/CEO Learn more about why we invested in Altech Group: https://lnkd.in/d2KE92Va

📅 Next Week: Join Nithio's Chief of Staff, Grace Fenton, and Program Manager, Grant Implementation, Noel Amoit, at the IFU Seminar on Diversity, Equity, and Inclusion in Nairobi, Kenya, on November 19, 2024. We appreciate our investor IFU's commitment to advancing DE&I and look forward to engaging with industry experts on best practices and strategies for strengthening diversity and inclusion in today's workplaces. Schedule a meeting: https://lnkd.in/d4aTBufa

Thank you, IFU, for supporting Nithio's mission to scale energy access and build climate resilience. Together, we're accelerating investments in Africa's sustainable energy transition, improving the livelihoods of households and businesses in regions most impacted by climate change but least responsible for emissions.

🌟 Nithio Employee Spotlight: This month, we’re thrilled to spotlight Annabelle Lee Sullivan, Head of People & Operations. Annabelle leads a team committed to attracting and retaining top talent while improving operations and workplace culture. Based in Colorado, USA, Annabelle shares insights on how Nithio supports local talent and fosters interest in climate finance.

📰 Nithio Updates: No trick—Connecting 400 million people requires less public money than Halloween spending. In her latest blog, Nithio's CEO and Co-founder, Kate Steel, discusses the challenges facing the off-grid solar sector, including high inflation and currency depreciation over the past year. Despite these challenges, she highlights that the $21 billion needed to connect nearly 400 million people currently off-grid is achievable. This investment is less than what Americans spent on Halloween this year. It is estimated that if the public sector can fund 30–40% of the cost, the private sector's investment can fill the gap. While addressing off-grid needs is critical, Kate also emphasizes the need for grid electrification investment. Mini-grids can integrate into the grid, and solar home systems can help create demand for future grid services. She also calls for simplifying the financing process and leveraging existing infrastructure to achieve these goals. Read more here: https://lnkd.in/dhdnduyF

📰 Nithio Updates: We're thrilled to announce that Nithio has received the Highly Commended Award in the Financing Access to Clean Energy category at the Africa Sustainable Future Awards, hosted by Financial Times, FT Live, and The World Bank Group's MIGA (Multilateral Investment Guarantee Agency). This recognition highlights our commitment to driving investment toward impactful solutions in Africa's sustainable energy transition. We also extend heartfelt congratulations to the Sun King team for winning this category. As one of our portfolio companies, we are proud to support Sun King and their mission to scale solar energy solutions in regions with limited access to reliable and affordable energy.