#PressRelease - @Shell funded Nigerian impact investor @AllOnEnergy is pleased to announce that 22 wholly Nigerian owned enterprises have been shortlisted for the 2020 @USADF – @AllOnEnergy Nigeria Off-Grid Energy Challenge. #USADFAllOnEnergyChallenge

This third edition of the annual #USADFAllOnEnergyChallenge, which is in partnership with the @USADF will provide $50,000 in grant capital & $50,000 in convertible debt to each of the selected energy enterprises that makes it through the rigorous due diligence process.

A portion of the funding for the Challenge awards is part of the support provided to entrepreneurs in the energy access sector by the All On Hub, an initiative supported by the @RockefellerFdn. #USADFAllOnEnergyChallenge

In addition to funding, the winners will receive technical assistance from USADF and governance support from All On. The winners will be formally announced in Q4 2020. #USADFAllOnEnergyChallenge

“In spite of the negative economic impact of the COVID-19 pandemic, we remain committed to our mission to invest in off-grid energy solutions that will help bridge the significant energy gap in Nigeria,” - Sele Inegbedion, Manager, @AllOnEnergy Hub. #USADFAllOnEnergyChallenge

The @USADF provides seed capital and local project management assistance that helps improve lives and impact livelihoods while addressing some of Africa's biggest challenges, such as energy poverty. #USADFAllOnEnergyChallenge

“Such times of crisis remind us how critical innovation is to providing vital solutions to global challenges. @RockefellerFdn is proud to support @AllOnEnergy" - Caroline Eboumbou, Director for Power Initiative, @RockefellerFdn

Full Press Release here: https://businessday.ng/companies/article/22-businesses-shortlisted-for-all-on-usadf-off-grid-energy-challenge/