Mobisol: Finnfund provides additional funding

East Africa-focused offgrid supplier Mobisol has strengthened its capital base by drawing on a new senior loan facility from the Finnish Fund for Industrial Co-operation (Finnfund). The additional €10m ($11.7m) funding will support further expansion in East Africa, where impact investor Mobisol has installed nearly 10MW of capacity. Finnfund provided an earlier senior loan in 2016 to support operations in Tanzania, Rwanda and Kenya. As of June, Mobisol had installed over 85,000 solar home systems on households and businesses in the three countries, giving access to clean energy to over 425,000 people.