M-Kopa Solar, a Kenya-based “pay-as-you-go” solar energy supplier for homes in Africa that do not have traditional electricity connections, has raised KES 2 billion (USD 19 million) in an equity round led by London-based Generation Investment Management LLP.
Tag: Kenya
MICROCAPITAL BRIEF: World Economic Forum (WEF) Leaders Aim for Cooperation among Regulators for Financial Inclusion in Africa
During the World Economic Forum (WEF) in South Africa, business and political leaders from multiple African countries including Kenya, Nigeria, and South Africa among others, emphasized the need for collaboration among regulators in order to promote financial inclusion globally.
MICROCAPITAL BRIEF: Old Mutual Group (OM) Acquires Microfinance Company Faulu Kenya
Old Mutual Group (OM), a South Africa- and UK-based insurance and banking institution, reportedly has purchased a majority stake in Kenya’s Faulu Company, a deposit-taking microfinance company founded in 1992.
MICROCAPITAL BRIEF: Citing Bank Delays, Kenya’s Youth Enterprise Development Fund (YEDF) to Boost Direct Lending to Young Entrepreneurs
The Youth Enterprise Development Fund (YEDF), a Kenyan state corporation established in 2006 that provides loans for youth-owned or youth-focused enterprises, reportedly has applied for a deposit-taking microfinance license from the Central Bank of Kenya, and will increase its focus on providing loans directly to young entrepreneurs in Kenya.