Finance

GreenTec Capital Partners acquires stakes in Zambia’s WidEnergy Africa Ltd

Monday, 24 June 2019 17:10
GreenTec Capital Partners acquires stakes in Zambia’s WidEnergy Africa Ltd

(Ecofin Agency) - German investment firm GreenTec Capital Partners announced it has acquired stakes in WidEnergy Africa Ltd, a women-led Zambian company that distributes solar-powered equipment (lamps, phone chargers…)

This operation is GreenTec’s 7th investment in Africa and the 2nd this year. The company targets African companies with growing potential and strong social and environmental impact.

Solar energy is, according to a Feb. 2019 note by French group Institut Montaigne, a promising and quick deployable solution that can help connect the 645 million Africans with no access to energy.

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