Why Asoba?
Our portfolio is regionally focused with the Southern African Development Community (SADC) of 16 countries, from DR Congo in the north to South Africa. With a combined GDP of over $700B and a total population of 345M, this is an economic zone poised for tremendous growth opportunity over the 21st century given investment in infrastructure – particularly renewable energy – and liquidity made available for small business growth.
Triple Bottom Line Thesis
That growth potential, though, is under threat. The positive correlation between electricity production and economic growth is crystal clear. Over 75% of businesses in the region deal with regular power outages. The economic loss due to power outage is enormous, so the benefit of rapid expansion of power via solar is not just profit. It provides opportunity for quality of life improvement at the scale of the Asian Tiger miracle as seen from the 1960s through the 1990’s.
