Africa GreenCo
A Continent Energized
Lusaka, Zambia · Founded 2018 · $15.5M raised
- Headquarters
- Lusaka
- Employees
- 51–200
- Founded
- 2018
- Business Model
- B2B
- Website
- africagreenco.com
- Total Funding
- $15.5M
- Last Round
- $15.5M Growth EquityMay 2022
- Rounds
- 2
About
Africa GreenCo is a renewable energy aggregator and trader operating across Southern Africa, enabling private sector investment in clean power markets in Zambia, Zimbabwe, Namibia, and South Africa. The company aggregates and trades power from renewable sources, supplying utilities, private sector offtakers, national trading markets, and the Southern African Power Pool (SAPP), with over 2.5 TWh traded and $100M+ in approved transactions. Established in 2018 as GreenCo Power Services Limited in Zambia, the company is licensed by Zambia's ERB under a Trading Licence and holds licences in each country of operation. Africa GreenCo's shareholders include IFU (the Danish Investment Fund for Developing Countries) and InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and its customers include First Quantum Minerals, Coca-Cola Zambia, and Sibanye Stillwater.
Summary
Africa GreenCo is a Renewable Energy company based in Lusaka, Zambia, founded in 2018. It has raised $15.5M in total across 2 rounds, most recently a $15.5M Growth Equity round in May 2022. Investors include IFU and ElectriFI.
Tech & App Stack
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Funding History
May 2022
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Venture Round through Growth Equity — per-round amounts, valuations, and who invested in each round.
Investors
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