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Eastern Africa

Sun King Secures Funding For Off-grid Solar In Kenya

Citi arranged the US$130 million securitisation deal.


By Liz Bains
Sun King, an off-grid solar energy company, has closed a US$130 million securitisation deal to broaden access to off-grid solar in Kenya.  The funding round was arranged by Citi and supported by development finance institutions and commercial lenders from six countries, including ABSA Kenya, British International Investment, Norfund, FMO, Standard Bank

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