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Regional: ElectriFI invests $5m in PEG Africa

Impact investment facility the Electrification Financing Initiative (ElectriFI) has agreed a $5m subordinated junior loan for pay-as-you-go solar company PEG Africa. PEG currently operates in Côte d’Ivoire, Ghana and Senegal with around 400,000 daily users, according to the company. The funding from ElectriFI is intended to support PEG’s growth within its existing markets.

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African Energy Gulf States Newsletter