By Johnbosco Agbakwuru, Abuja

Despite the epileptic power supply in Nigeria, the energy sector in Africa is set for a groundbreaking transformation with the merger of SteamaCo and Shyft Power Solutions in a union that not only brings together two industry pioneers but also ushers in a predominantly female-led management team.

This development according to experts is  a rarity in Africa’s tech and energy landscape.

The milestone aligns with the merger’s overarching goal: to accelerate smart metering and enhance energy management across Africa, said a press statement on Tuesday issued by the firms on the merger.

The merger is buoyed by a funding round led by Equator VC, with Praetura Ventures and KawiSafi Ventures also joining forces to back the initiative.

The combined expertise of SteamaCo and Shyft is expected to unlock new growth opportunities in grid intelligence and sustainable energy solutions.

Speaking on this development, Nijhad Jamal, Managing Partner of Equator, said, “This merger represents a pivotal moment in the evolution of energy management across Africa. We are creating a powerhouse capable of addressing critical energy challenges and driving significant progress in closing the energy access gap.”

Highlighting the technological advancements this merger will bring,

SteamaCo’s Tom Parkinson said: “Our combined capabilities allow us to push the boundaries of innovation, equipping power providers with the tools they need to improve reliability, reduce losses, and deliver affordable energy to their consumers.”

Ugwem Eneyo, CEO of Shyft, shared her enthusiasm for the merger’s impact on communities: “Power plays a critical role in economic advancement and enabling sustainable cities. Catalyzing digital transformation with our solutions is part of our commitment to creating smarter, more resilient communities across the continent.”

The merger reflects the evolving landscape of energy in Africa, where innovative solutions and collaborative efforts are key to overcoming longstanding challenges; and with their combined strength, SteamaCo and Shyft are poised to redefine energy management and access for millions across Africa, the statement added.