June 9

Kenya’s Off-Grid Solar Provider d.light Secures $10 Million From Proparco

By Vallency Otieno

d.light, a Kenyan based off-grid solar provider has secured US$10 million in equity financing from Proparco.

This latest funding will enable the expansion of the company’s solar and Pay-Go consumer finance business in Africa.

Commenting on the investment, d.light co-founder and CEO Ned Tozun said, “We are excited to have Proparco as a d.light shareholder. Proparco’s alignment with our mission and commitment to job creation and development makes them an ideal partner for d.light as we begin our next phase of growth.

Source: Founder360 (link opens in a new window)

off-grid energy