Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Electricity

Institutional investors and Banks finance M-Kopa’s expansion in East Africa with $80M

Monday, 16 October 2017 18:33

(Ecofin Agency) - Institutional investors and banks have granted $80 million to M-Kopa Solar, a Kenyan firm which provides solar power kits.

Part of the funding was secured via a syndicated loan of $55 million mobilized by Stanbic Bank of Keyna which in addition to $9 million of private capital got the financial support of the Commonwealth Development Corporation, or the Netherland and Norwegian Funds for development finance.

The remaining part of the financing was secured from some private investors led by the Swiss emerging nations focused firm, ResponsAbility.

With the money, M-Kopa will be able to finance its expansion in Eastern Africa, where it already operates in three countries, namely Kenya, Tanzania and Uganda.

Idriss Linge

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.