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Proparco, the subsidiary of the French Development Agency (AFD) group, is subscribing to a $10 million green bond issued by Symbiotics Investments. This investment supports the activities of Sun King, a solar kit supplier active in sub-Saharan Africa.
Solar energy provider Solarise Africa is getting $33.4 million to expand its operations in Africa. The funds were raised in a round arranged by the African Development Bank’s (AfDB) Facility for Energy Inclusion (FEI).
The first batch of over 100 South African solar industry practitioners received training from Huawei this week in Johannesburg, South Africa, marking the official kick-off of Huawei’s “Thousand Digital Power Talents Programme“. The programme aims to upskill more than 1 000 solar practitioners across Sub-Saharan Africa.
M-Kopa Holdings Limited has received Sh7.94 billion ($65 million) from the International Finance Corporation to fund its business in Kenya and Uganda. The financing is part of a five-year facility of Sh21.97 billion arranged by Standard Bank of South Africa to be distributed among its Kenya and Uganda subsidiaries.
Before Sung King bought Soleva, the two businesses were partners on the Cizo project, a rural electrification project initiated by the Togolese presidency. Under their partnership, Soleva distributed the solar kits of Sun King, formerly GreenLight Planet, in Togo.

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