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Lighting Africa officially launches on 4 September, when organisers will unveil a competition for the design and delivery of low-cost, green lighting products for low-income consumers in sub-Saharan Africa. More than 350 companies have already expressed an interest - from Africa-based small businesses to multinationals like Philips.

Perhaps key to the appeal, is the World Bank calculation that the so-called "energy poor" in Africa spend about $17bn each year on fuel-based lighting. "It's a sleeping giant from a market perspective," says the IFC's Mr Sturm. "The poor, even the poorest of the poor, can be a profitable market."

Read full article via The Independent.