Introduction
To say that fundraising was a mountain climb for companies in 2020 would be a gross under-statement. The COVID-19 crisis has inflicted heavy damage on otherwise healthy firms through four channels: Falling demand and revenues, reduced input supply, tightening of credit conditions, and increased uncertainty. As a result, the pandemic has thus brought to a grinding halt investment pipeline that was in the works for weeks to months prior to the movement restrictions and the follow up economic recession and gloom forecasts on the economy that gave many investors cold feet.
Read more: How do you fundraise in a socially distanced World?
Introduction
There’s been a lot of debate on the merits of self-generation of power as opposed to on-grid electricity connection in Kenya. Different players in the energy sector have expressed their opinion in Kenya’s major daily newspapers as well as through social media op-eds. Some of these articles have questioned the motives behind recent recommended policy changes on Solar PV by the regulator, Energy Petroleum Regulatory Authority (EPRA). These came about after revisions of the existing Energy (Solar Photovoltaic Systems) Regulations, 2012.
Read more: All you need to know about the Proposed 2020 Energy Policy Changes in Kenya
If there’s anything you do not want to be in a post Covid-19 World is a growth oriented, early stage Kenyan entrepreneur raising capital; an undertaking that already proved challenging before the pandemic, and now even more so uncertain. The fundraising dilemma grows, the further away your business model is from the conventional sectors such as real estate, education, agriculture and the likes.
Read more: Who will save the day for the local off-grid entrepreneur?