by Elva Montelongo -

MICROCAPITAL BRIEF: Sun King Raises $130m for Pay-as-you-go Solar in Kenya, Citi is Sole Arranger

With the goal of expanding access to off-grid solar energy in Kenya, the US-based solar products firm Sun King recently won a loan securitization denominated in Kenyan shillings equivalent to USD 130 million. Among the private participants are

by the MicroCapital Team -

MICROCAPITAL BRIEF: Sun King Nets $10m from Proparco for Solar Products in Africa via Bond Issue Arranged by Symbiotics

Symbiotics Investments, a Switzerland-based investor focused on smaller businesses in low- and middle- income countries, recently arranged a bond issue channeling USD 10 million from the French development finance institution Promotion et Participation pour la Coopération Économique (Proparco) to Sun King, a US-based firm selling solar products in Arica and Asia. Formerly known as GreenLight Planet, Sun King was founded in 2009. Its products include five types of solar lights, four types of home solar electrification kits and an inverter to

by Teo Lin-Bianco -

MICROCAPITAL BRIEF: Mwezi Nets Inaugural $500k Debt Investment from Build Fund of Bamboo Capital, UNCDF to Expand Access to Pay-as-you-go Solar Products in East Africa

Luxembourg-based Bamboo Capital Partners and the UN Capital Development Fund (UNCDF) recently partnered to create the Build Fund, whose first investment is a loan of USD 500,000 for