Two million people in Burkina Faso will have access to clean energy through a joint venture between Bboxx and Geocoton. This is a major feat for Burkina Faso where only 5% of its rural population has access to energy.
The Burkina Faso government has ambitious plans to ramp up energy access, with electrification rates currently at 18%, falling to 5% for the rural population.
The joint venture between Bboxx and Geocoton Advens Group is the first step in a long-term strategic partnership that will see the two companies expand clean energy access.
Not only will two million people in Burkina Faso have access to clean, reliable and affordable energy, but the partnership will also employ more than 500 people locally, spurring economic development and local opportunities.
Through this joint venture, the companies are targeting energy provision in the established cotton farming market, the wider value chain and distribution networks within these communities, and the broader Burkina Faso population. This comes as instability and insecurity in East and Northeast Burkina Faso are having a big impact on people’s livelihoods.
Bboxx will be able to provide vital energy access in these areas due to Geocoton Advens Group’s operations in this area, enabling people to generate an income. Despite the pandemic, demand for energy has been strong.
The partnership will introduce services such as Pay-As-You-Go (PAYG) solar home systems, PAYG LPG clean cooking services and solar-powered water pumps for farmers. Customers only pay for what they use, which is important for a country where 43% of the population live on less than $1.90 a day.
Mansoor Hamayun, CEO and Co-Founder of Bboxx, commented: “While energy access rates in Burkina Faso are very low, the potential to positively impact people’s lives for the better through clean energy is immense. Forging strategic partnerships is core to how we bring together the financing and momentum required to provide millions of people with much-needed clean energy.”
“As we gear up to COP26, we cannot let our foot off the gas if we are to make meaningful progress on meeting UN Sustainable Development Goal 7 – clean energy for all. Now is the time for even more collaboration, innovation and action. Across the globe, the ‘build back better’ agenda has taken centre stage – but to truly accelerate greener and fairer economic development, we need to bring people out of energy poverty.” Hamayun added.
Karim Ait Talb, COO of Geocoton Advens Group, said: “This [joint venture] aligns with our desire to improve the living conditions of village cotton producers. Providing renewable energy to the rural population is a major challenge and we have been impressed with their progress to date across Africa.”
“Together we will help to tackle the challenges faced by many in Burkina Faso. We will help to provide millions of people with energy needed to create greater economic opportunities for farmers and the population of Burkina Faso. We are also looking forward to expanding our partnership with Bboxx into other countries.”