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M-Kopa secures $80m funding

M-Kopa Solar has secured $80m of funding which will be used over the next three years to provide finance for pay-as-you-go solar installations in 1m East African homes in addition to the 500,000 already connected. In the largest commercial debt facility to date in the pay-as-you-go off-grid energy sector, Stanbic Bank is leading a $55m local currency equivalent debt facility and has committed $9m.

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African Energy Gulf States Newsletter