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Firm obtains Sh1.6bn SBM loan to connect homes with solar businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
EDF Energy invests in Kenyan energy companies, Econet Energy & Bboxx Kenya Shares EDF Energy (Electricite de France), an energy supplies company, has agreed to buy stakes in off-grid focused energy firms Econet Energy Kenya and Bboxx Kenya. This will see EDF become the latest global firm to target the local fast-growing off-grid energy market. EDF in a statement, said it has bought a 50% stake in solar energy firm Econet Energy Kenya and a 23% stake in off-grid energy company Bboxx Kenya. The financial terms were not disclosed. EDF has entered the Kenyan market in solar irrigation pumps for small-holder farmers with its partner Sunculture. EDF said it will now extend its off-grid offer to the residential market and target to connect more than 2 million Kenyans to electricity by 2025. ....