Current financial analysis indicates that: solar distributors in Sierra Leone are high risk investments; distributors require significant working capital to finance needs but find limited financing options; and long-term consumer finance is required to grow solar sales. This document also indicates financing alternatives compared to standard commercial options: PAYG solutions; patient capital and impact investment; and blended financing options.
Angel Investment Brief
Sierra Leone’s startup ecosystem is at a pivotal moment, with rising entrepreneurial activity but a critical funding gap in the ‘missing middle.’ This brief explores why angel investment is essential, the first-mover advantages for investors and the opportunities emerging in one of West Africa’s most dynamic early-stage markets.