IFC, FMO invest in Mobisol
Issue 337
- 22 Dec 2016
| 1 minute read
The World Bank’s International Finance Corporation and Dutch development bank FMO have invested in pay-as-you-go solar provider Mobisol GmbH to help supply renewable energy to off-grid communities in East Africa. IFC’s equity investment of €5.42m ($5.63m), and €9.2m from the AEF and Massif Dutch government funds managed by FMO, brings them into partnership with Investec Asset Management’s African Private Equity Fund and Germany’s DEG, which have already invested in Mobisol.
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