Tapping Africa’s big business opportunity

In a bid to address the pressing issue of access to safe drinking water in Africa, global solar and water firm 4Life Solutions has committed significant investment in the continent. Since 2022, the company has already invested $3.2 million and plans to raise an additional $4 million by 2025. CNBC Africa recently sat down with Jonas Pilgaard, CEO of 4Life Solutions, to delve deeper into the company's expansion plans and strategic partnerships. Pilgaard revealed that the company has already invested $3.2 million in Kenya, establishing a strong local presence with over 20 employees. The CEO further disclosed that they are in the process of raising $10 million, with at least half of the funds earmarked for East Africa to bolster operations in Kenya and expand into new territories such as Uganda, Tanzania, South Sudan, Ethiopia, Nigeria, and Pakistan. Pilgaard emphasized the strong demand for their services in Pakistan, indicating a promising market outlook. 4Life Solutions has been proactive in forming strategic partnerships across various African countries. Pilgaard highlighted their collaboration with different companies, organizations, and governments in countries like Kenya and Tanzania, where there is a growing need for improved water supply infrastructure. The company is dedicated to providing safe drinking water to the population, particularly in regions where access to clean water remains a challenge. One of the key challenges facing many African nations is the provision of safe drinking water to rapidly growing populations. With over 400 million people in Africa lacking access to clean water, the demand for sustainable solutions is urgent. Governments and organizations are increasingly focused on addressing this issue, presenting a significant business opportunity for companies like 4Life Solutions. 4Life Solutions has positioned itself as a pioneer in providing affordable and accessible safe drinking water solutions for rural communities in Africa. By addressing this critical need, the company not only creates value for the local population but also offers a lucrative business opportunity. Pilgaard underscored the importance of private investment in driving the company's growth, noting that they have successfully raised $10 million in the past and are currently in the process of securing additional funding for their Series A round. Private investors play a crucial role in supporting ventures that aim to make a positive impact while delivering returns. Pilgaard expressed confidence in Africa's vast potential for both creating substantial social impact and fostering thriving business opportunities. As 4Life Solutions continues to expand its footprint across Africa and beyond, the company remains committed to driving sustainable change and building a profitable business model.