Mobisol: Investec investment

Investec Asset Management announced on 30 November that a follow-on equity investment has been made by a consortium of investors in off-grid solar home system provider Mobisol. Investec, the World Bank Group’s International Finance Corporation and Dutch development bank FMO initially bought into the company in late 2016, supporting the growth of Mobisol’s operations in Tanzania and Rwanda as well as a move into Kenya. Berlin-headquartered Mobisol has raised more than $25m over the last six months in debt and equity.