DRC: Thony Ngumbu Provides Clean Energy Solutions and Offers Financing Opportunities

By : Melchior Koba

Date : mercredi, 03 avril 2024 14:33

An experienced business leader, he is passionate about developing solutions that improve the quality of life of Africans. As an entrepreneur, he specializes in renewable energy.

Thony Ngumbu (photo), a Congolese entrepreneur and co-founder and CEO of Mwinda Technologies, is committed to designing clean energy solutions and financing options. His startup aims to address the lack of reliable energy and financial inclusion in sub-Saharan Africa.

Established in 2018, Mwinda Technologies is a U.S.-based cleantech and fintech company that launched operations in the Democratic Republic of Congo in 2019. The company offers a variety of renewable energy solutions, including the installation of solar panels for residential, commercial, and industrial customers. It designs battery storage systems to provide electricity in the event of grid failure and maintains solar and battery backup systems.

In collaboration with its partners, Mwinda Technologies offers short-term supplier credit for the hybrid solar systems it manufactures or battery backup systems. It also enables customers to purchase their solar systems by paying in installments, with the option to repay their debt using mobile money from their mobile phone.

Before Mwinda Technologies, Ngumbu founded Genesis Ventures in 2014, where he served as managing partner until 2018. Genesis Ventures is a strategy and business development consultancy dedicated to creating high-growth, high-impact businesses on the African continent, operating in sectors including agriculture, energy, mining, transport, and infrastructure.

Ngumbu, a U.S. Army veteran, holds a bachelor’s degree in political science and economics from the University of Houston and a master’s degree in business administration from Rice University’s Jones Graduate School of Business. He also studied computer science at Wartburg College.

His professional career began in 2002 at Verizon Wireless, a cellular phone provider, where he served as a senior technical analyst. From 2013 to 2016, he was the senior director of programs, operations, and resource development at IEDA Relief, a non-governmental organization that assists vulnerable people worldwide.

Melchior Koba


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