Bboxx EDF Sign €11 Million Deal With OGEF to Accelerate Electrification of an Additional 1.5 Million People in Togo
Bboxx, a super platform providing access to essential products and services, and its partner EDF, a global leader in low-carbon energies, in Togo, have secured an €11m loan from the Off Grid Energy Access Fund (“OGEF”) managed by Lion’s Head Global Partners Asset Management (“LHGPAM”), enabling them to ramp up their clean electrification delivery in Togo.
The loan will support Bboxx’s expansion in the country to continue distributing solar home systems to last mile customers, with the objective to reach 1.5 million people by 2030. This is the target set by the Government of Togo as part of its National Electrification Strategy to meet the Sustainable Development Goal of affordable, reliable and sustainable energy for all by 2030.
Photo courtesy of Acumen Fund.