Azuri is being profiled as a client story and will receive a range of high profile adverts across national press and digital media as well as on the Barclays website.
In February, Azuri, secured a £1m working capital loan from Barclays through their Social Innovation Facility, which was set up as a catalyst for the development of innovative products that deliver a sustained social impact. With this backing, Azuri will deliver an additional 30,000 solar home systems across Africa.
Watch the full video profiling Azuri on the Barclays website.]]>
Joined by South African Minister for Water and Environmental Affairs, Mrs Edna Molewa and CEOs of leading organisations in the space, the panel focused on the role of innovative funding mechanisms, coupled with innovative technologies to bring energy and other vital services at scale to sub Saharan Africa.
The 20th World Economic Forum summit on Africa returned to Cape Town from 8 to 10 May with over 1,000 participants from more than 80 countries taking part. Under the theme Delivering on Africa’s Promise, the meeting’s agenda integrated the three pillars of Accelerating Economic Diversification, Boosting Strategic Infrastructure and Unlocking Africa’s Talent to discuss in detail strategies for further accelerating Africa’s already impressive economic growth in a way that leads also to broader economic development rather than a concentration of resources in a small number of “hot spots”.
In his opening address to the conference, South African President Jacob Zuma noted that six of the world’s 10 fastest growing economies over the last decade were in Africa, and that sub-Saharan Africa, with an expected annual growth of 5%, was projected to continue its move from a developing region to a hub of global growth.
In 2012, Azuri was named by the World Economic Forum as one of 23 global Technology Pioneers – innovative technology start-ups from around the world who are poised to make a significant and positive impact on business and society.
Technology Pioneers are selected for their involvement in the development of life-changing technology that has been market proven and show all the signs of being a long-standing market leader. Previous Technology Pioneers have included ground-breaking companies like Google, Twitter, DropBox, and Mozilla.]]>
The Ashden Awards were founded in 2001 to encourage the greater use of sustainable energy to reduce poverty and tackle climate change. Azuri Technologies joins six other finalists in the 2013 International Ashden Awards category.
Simon Bransfield Garth, CEO of Azuri Technologies said: “We’re thrilled to be selected as a 2013 International Ashden Award finalist. Azuri’s Indigo pay-as-you-go solar is bringing affordable sustainable energy to rural communities in sub-Saharan Africa, and this honour is further evidence of the progress being made in bringing innovative and life-changing solutions to off-grid households.”
Sarah Butler-Sloss, Ashden Founder Director said: “Azuri has created an innovative and culturally appropriate product that also overcomes the huge hurdle of the high upfront costs of solar power.”
Four winners of the 2013 International Ashden Awards will be announced at a prestigious invitation only ceremony at the Royal Geographical Society in London, UK on 20 June 2013.
On Wednesday 19 June from 9am to 5pm the 2013 Ashden Conference will be held at the Royal Society, Carlton House Terrace, London where some of the UK and international finalists will speak about their work, along with panel debate and discussions.
Follow #Ashden13 on Twitter to keep up with information about this year’s Ashden Awards, which will be webcast on green.tv from 7pm on 20 June.
The Ashden Awards were set up in 2001 to champion practical, local energy solutions that cut carbon, protect the environment, reduce poverty and improve people’s lives. Since then we have rewarded and supported more than 140 winners across the UK and the developing world. Find out more at www.ashden.org
Ashden: Luke Malcher | +44 (0) 207 410 7068 | email@example.com]]>
April 18, 2013, Cambridge UK: Azuri has been chosen as one of this year’s 25 Most Audacious Companies by Inc. Magazine, which recognised the company’s pioneering work in delivering affordable power to the people in Africa: “Many companies have tried to bring sustainable solar power to Africa. Azuri Technologies is one of the few to succeed”.
The search for the most world’s most audacious companies was split among five broad categories: Design, Marketing, Tech, Social Impact, and Culture. Azuri was selected as one of 5 companies in the Social Impact category. Inc. Magazine describes the companies as “the embodiment of entrepreneurship: Each one is original, ambitious, and totally uncowed by impossible odds.”
The eclectic judging panel which included James Dyson, the founder of Dyson, Max Levchin, Co-founder of PayPal, and Ben Cohen, a co-founder and the former CEO of Ben & Jerry’s, reviewed the nominees and made their own suggestions.
Inc., founded in 1979 and based in New York City, is a monthly publication focused on growing companies, delivering real solutions for today’s innovative business builders.
The full article is available on Inc.com]]>
Initial £1M loan will support scale-up in sub Saharan Africa
February 5th, 2013, Cambridge UK: Azuri, the developer of Indigo pay-as-you-go solar power for off-grid markets, has secured a £1m working capital loan from Barclays to accelerate the deployment of its Indigo home solar systems, transforming the lives of thousands of rural customers in sub Saharan Africa forever.
Azuri is bringing affordable electricity to consumers in emerging countries that lack access to the grid. Its award-winning Indigo technology and business model combines mobile phone and solar technology to deliver affordable pay-as-you-go solar power that replaces kerosene and phone charging services, while cutting users’ spend by as much as 50%.
Since the first Indigo deployments in Kenya in September 2011, the business has been recognised globally for its innovation in solar energy, winning major awards including the World Economic Forum Technology Pioneer 2013. Independent research has shown that Indigo lights can extend users’ productive day by as much as 3.2 hours and that children with solar light on average spend an additional 2-2.5 hours per night on homework.
Access to electricity plays a crucial role in enabling economic and social development throughout the developing world. Azuri’s Indigo already helps thousands of off-grid consumers in Africa to realise their aspirations through electronic access to the knowledge economy; a trend that is seen by the UN as critical to the continent’s long-term development potential.
Barclays’ support for Azuri is evidence of the company’s maturity in the market. The four year term loan is the first step in a broader and longer-term relationship between the two firms and reflects Barclays’ commitment to supporting Azuri and towards economic and social transformation in Africa.
Simon Bransfield-Garth, CEO at Azuri, said: “Barclays vision will provide the working capital finance for Azuri to deliver an additional 30,000 solar home systems in Africa this year. This landmark deal represents a major step towards opening up the commercial finance sector for distributed rural power.”
Sean Duffy, Managing Director of Technology, Media and Telecoms Industry at Barclays, said: “Azuri is a highly innovative business, and is leading the way in distributing pay-as-you-go solar power for off-grid markets. We are fully committed to assisting the company’s growth and this campaign, which will deliver significant social and economic benefits in Africa.”]]>
February 25, Barcelona: Azuri will be showcase its affordable solar phone charging station called Indigo Mobi at Mobile World Congress (MWC). The product is designed to offer a solution to remote communities in sub Saharan Africa where charging a mobile phone is a major challenge, with the nearest source of electricity often many kilometres away.
Designed for entrepreneurs who wish to offer phone charging as a service, the system enables the entrepreneur to charge over 100 phones per week without the high up-front costs of traditional equipment. The compact system has been designed to operate on a ‘pay-as-you-go’ basis similar to Azuri’s award-winning Indigo product, where the entrepreneur pays for the system as a service without the need for high up-front costs.
A successful pilot of Indigo Mobi in Kenya with GVEP yielded an enthusiastic response from participating entrepreneurs, providing phone charging on a local level within a village or community without the need for access to grid electricity. With about half of the units in the trial having been operated by women, Mobi opens up a range of new income opportunities for local groups and access to an “always on” mobile phone increases both individuals’ accessibility and average phone usage. Mobi also provides lighting for the entrepreneur’s store, saving time collecting other fuel sources to burn for lighting and eliminating harmful indoor air pollution from burning kerosene.
Azuri will be exhibiting Indigo Mobi in Hall 7 in the GSMA’s Mobile Enabled Community Services (MECS) booth number 7E56. Azuri’s CEO, Simon Bransfield-Garth, will be discussing the company’s progress and growth plans as part of the Funding Innovation seminar on Tuesday 26th February. At the start of the month, Azuri announced the securement of £1m loan from Barclays.
From urban to rural areas, mobile networks have become the predominant infrastructure in emerging markets and 575M more people are now covered by mobile networks than have access to energy and water. The GSMA’s MECS explores how the mobile industry can support commercially viable energy and water services in underserved communities.
The largest mobile industry exhibition of its kind, the 2013 MWC exhibition will feature more than 1,500 companies. This year’s conference is set to provide essential insights on the latest technological developments, market opportunities, next-generation services and devices which are shaping mobile communications.
The Mobile World Congress 2013 will be held 25th- 28th February at the Fira Gran Via in Barcelona.
For more details on MWC visit www.mobileworldcongress.com
For more information on GSMA visit http://www.gsma.com