Global News Hubb
Advertisement Banner
  • Home
  • Politics
  • Finance
  • Technology
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Finance
  • Technology
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Finance

Kenya’s Solarise Africa raises $33.4m debt funding

admin by admin
November 30, 2022
in Finance


Kenya-based energy leasing company Solarise Africa has raised US$33.4 million in debt funding.

Founded by Patrik Huber, Jan Albert Valk and Sakkie van Wijk, Solarise Africa is an energy leasing company for solar and other energy assets focusing on commercial and industrial clients (C&I).

The company, which provides smart financing via a selected group of partners, is already well-capitalised, and has now banked a further US$33.4 million in debt funding to help it grow. Solarise Africa will use the funding to expand its portfolio in Kenya and other selected African countries. 

The Facility for Energy Inclusion (FEI) acted as lead arranger for the round, and will provide US$21.4 million of the total amount. It is being joined by Oikocredit (US$7 million) and the Lion’s Head managed fund AfricaGoGreen Fund (US$5 million).

“We are very honoured and grateful for the confidence the investors have shown in us. As the largest debt raise in Africa’s C&I space to date, this proves that Solarise Africa has a solid business model. We are proud to welcome these three prestigious new investors – Lead arranger FEI, Oikocredit and AfricaGoGreen – to our current group of investors. Throughout 2022, we have significantly grown our footprint and portfolio, and with this new loan, we will be able to catapult our efforts to advance renewable energy adoption in Africa,” said Valk.



Source link

Previous Post

NOAA, Microsoft Will Advance National Climate Efforts Through Advanced Tech Partnership

Next Post

Reserve Bank of India, Japanese regulator hold talks on clearing houses

Next Post

Reserve Bank of India, Japanese regulator hold talks on clearing houses

Recommended

Princess Anne praises achievements of Falklands Forty anniversary and belonging to the BOTs Family — MercoPress

2 months ago

Nigeria’s Appzone rebrands to “Zone” to power global payments via blockchain network

2 months ago

© 2022 Global News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Politics
  • Finance
  • Technology
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Politics
  • Finance
  • Technology
  • Contact

© 2022 Global News Hubb All rights reserved.