31 January, 2019
Article length: 96 words
Mozambique: $2m debt facility agreed for SolarWorks!
Mozambique-based off-grid solar company SolarWorks! has agreed a $2m multi-currency debt facility organised by specialist off-grid debt firm SunFunder and US-based currency hedging company MFX Solutions. SolarWorks! will use the facility for working capital to expand its operations in the country. The company has been active in Mozambique since 2011 and recently began operating in Malawi. It provides a range of solar devices, from basic systems comprising lights and charging points to more powerful systems for small businesses and middle-income households. The facility is MFX Solutions’ first in Mozambique.