Standard Bank Group, Citi, Norfund and CDC Group partner to fund USD$75M sustainability-linked facility in East Africa

Standard Bank Group, Citi, CDC Group and Norfund have partnered to provide a USD75M equivalent KES denominated Sustainable Finance Facility for Greenlight Planet Kenya, Africa’s leader in off-grid solar home solutions. The transaction will allow Greenlight Planet to expand access to off-grid solar solutions to off-grid communities throughout Kenya and support its ambitions to reach an additional 10 million households globally in the next 5 years by enabling households to afford “pay-as-you-go” solar home systems through digital financing.