NEWS
African Development Bank welcomes
investment from the Clean Technology Fund
T
he Clean Technology Fund (CTF), one of two multi-donor trust
funds within the Climate Investment Funds (CIF) has approved
US$20 million for the Facility for Energy Inclusion (FEI), a facility
sponsored by the African Development Bank to provide sustainable
financing for small-scale renewables in Africa.
FEI is a US$500 million financing platform whose objective is to
catalyse financial support for innovative energy access solutions.
FEI On-grid, a targeted US$400 million fund, supports improved
energy access through the development of small-scale renewable
energy generation and mini-grids across Africa, while the Off-Grid
Energy Access Fund (OGEF), a targeted US$100 million fund,
supports off-grid energy distribution companies and boosts their
long-term capacity to access capital markets at scale.
The CTF investment, composed of a US$4 million junior equity
tranche and a US$16 million senior concessional loan, will be drawn
from the Dedicated Private Sector Program III, designed to provide
risk-appropriate capital to finance high-impact, large-scale private
sector projects in clean technologies.
“Access to affordable and reliable energy has huge benefits at various
levels of any society,” said Anthony Nyong, Director of Climate Change
and Green Growth at the African Development Bank.
“Most of the 600 million people estimated to lack access to modern
energy services in Sub-Saharan Africa are also among the most
vulnerable to the disastrous consequences of climate change.”
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Saicom Voice Services adds Data
Management solution to stack
S aicom Voice Services has added a data management solution
to its evolving product stack, driven it says, by customer demand
for world class services that are customisable to local business
requirements and realities. “The plan should be a blueprint for the organisation and should
not be seen as just an insurance policy in the event of data loss or
corruption, but as an opportunity to test, run reports and do integrity
checks in isolated environments.
“Our clients have come to rely on us for customisable solutions that
deliver best-of-breed capabilities, and our data management solution
is no different,” said Josh Grunewald, Cloud Hosting Manager at
Saicom Voice Services. “We want to ensure our clients get the most out of the services and
solutions they partner with us for, and we believe that differentiates
us from many of the larger providers.”
“We bring a customer-first, consultative engagement approach to our
data management offering that goes beyond just back-up.”
The company believes that, while backup is a critical business
requirement, it is only as good as the last restore, and that the key to
successful data management is understanding what you can do with
your business data.
“We wanted to make sure that our clients are clear on how their
data can be used to make their businesses better through testing
in non-production environments; mitigate risks by eliminating
ransomware in backed up data and using that to restore production
environments,” added Grunewald.
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