French group buys stake in Kenyan energy companies
Friday February 26 2021
By BRIAN NGUGI
Summary
French energy giant EDF has struck deals to buy stakes in off-grid focused energy firms Econet Energy Kenya and Bboxx Kenya, becoming the latest global firm to target local fast-growing off-grid energy market.
EDF said Thursday it has bought a 50 per cent stake in solar energy firm Econet Energy Kenya and a 23 per cent stake in off-grid energy company Bboxx Kenya.
The financial terms were not disclosed.
French energy giant EDF has struck deals to buy stakes in off-grid focused energy firms Econet Energy Kenya and Bboxx Kenya, becoming the latest global firm to target local fast-growing off-grid energy market.
Rural focused solar lamps firm raises funds to power Kenya expansion
Tuesday February 09 2021
By BRIAN NGUGI
Summary
A Delhi-based solar kits firm has raised Sh1.3 billion to power its expansion in Kenya as it eyes a bigger share of the market.
D.light Design, which provides affordable lighting and power solutions raised the funds from Norfund, the Norwegian Investment Fund for Developing Countries, through its capital raising vehicle Brighter Life Kenya 1 Limited (BLK1).
A Delhi-based solar kits firm has raised Sh1.3 billion to power its expansion in Kenya as it eyes a bigger share of the market.
D.light Design, which provides affordable lighting and power solutions raised the funds from Norfund, the Norwegian Investment Fund for Developing Countries, through its capital raising vehicle Brighter Life Kenya 1 Limited (BLK1).