Altech Group, is a local enterprise from DRC, that offers an extensive range of solar off-grid energy solutions. Altech believes that to achieve universal energy access, local people have to own DRC’s energy poverty problem. Their needs and the challenges they face in everyday life must be at the heart of any solution. Their mission is to expand access to clean, reliable, renewable and affordable energy for off- and poor-grid households.
In 2020, UNCDF became the first lender to directly provide a $350,000 loan to Altech for working capital, which catalyzed subsequent investments totaling over $18 million in debt financing.
Altech’s CEO, Washikala Malango, stated that the facility of $18m couldn’t have been possible without UNCDF’s support through the loan and technical assistance. As a testament to the success of this investment continuum, Altech was recently ranked as the 4th fastest-growing African start-up by the Financial Times in 2023.
