A British solar panel manufacturer has raised $31m (£24.1m) to expand in Rwanda, Kenya and the Democratic Republic of Congo. London-based Bboxx has already deployed more than 150,000 solar systems, helping nearly 1m people in 35 countries. It offers pay-as-you-go solar power that is cheaper and cleaner than kerosene to people previously off grid, and made more than £20m in sales in 2017. Africa Infrastructure Investment Managers, a private equity fund manager, has taken a minority stake in Bboxx’s operations in the three countries.
Times 13th Jan 2019 read more »
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