EEP Africa Response to COVID-19
EEP Africa is partnering with the IFC Lighting Global Group to improve the commercial viability of off-grid solar companies. On 11 June 2020, a group of 10 EEP-funded companies were invited to participate in a jointly organised webinar on a new Path to Profitability (P2P) tool.
The off-grid solar (OGS) industry requires substantial investment to progress further and firm-level profitability plays a critical role in accessing working capital. As business models become more complex, especially for companies serving last mile and base of the pyramid (BOP) customers, it is important for firms to have a detailed understanding of their unit-cost economics. This is even more critical during the ongoing COVID-19 crisis, when OGS companies need to maintain liquidity and start thinking about the future of their business in a new “normal” market. Path To Profitability