In Burundi, the Electrification Financing Initiative (EDFI ElectriFI) is providing a million dollars in funding to the American company Amped Innovation. The aim is to electrify 3,000 households in rural areas using solar home systems.
Good news for Amped Innovation. As part of its operations in Burundi, the company based in San Mateo, California, in the United States of America, has received funding of one million dollars. The funds come from the country window of the Electrification Financing Initiative (EDFI ElectriFI) for Burundi.
This East African country “has been neglected by the commercial investment community for many years, mainly due to large deficits and foreign exchange shortages. Yet the electricity needs of the local population are immense. Against this backdrop, we are delighted to have found in Amped a commercial partner willing to bridge this energy gap,” says Lionel Dieu, Senior Investment Officer at EDFI ElectriFI.