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Sun King has expanded its offering to underserved consumers across Africa, combining the launch of its own smartphone and solar-powered fridge-freezer with the scale-up of its clean cooking technologies and services. Sun King is known for powering homes and businesses with solar kits delivered through pay-as-you-go financing. The company is now extending that approach to […]
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Sun King, the world’s leading off-grid solar company, has signed a Memorandum of Understanding (MOU) with the Rural Electrification Agency (REA) under the Government of Nigeria to strengthen cooperation on renewable energy access, local manufacturing, and data-driven innovation. The agreement, signed during REA’s Nigeria Renewable Energy Innovation Forum (NREIF) in Abuja, was witnessed by the […]
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Sun King, Kenya’s most trusted off-grid solar company, is proud to announce the official opening of its first customer experience centre in Mombasa, bringing clean, reliable energy solutions closer to customers along Kenya’s coast. Located along Digo Road – adjacent to Huduma Centre and opposite Nomaneno Bazaar– the new experience centre is designed to provide […]
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IFC and Stanbic IBTC Bank, a subsidiary of Standard Bank Group, have structured an $80 million local currency facility to enable off-grid customers to access affordable solar solutions through Sun King in Nigeria. IFC contributed $50 million. The facility will allow Sun King to expand its pay-as-you-go solar financing, improving access to clean, reliable, and affordable electricity for underserved communities. The investment supports the Mission 300 initiative, which aims to connect 300 million people in Sub-Saharan Africa to electricity by 2030. Sun King, in partnership with IFC and Stanbic IBTC Bank, has secured an $80 million, fully Naira-denominated […]
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The scalable loan instrument, arranged and structured by Citi with participation from leading development finance institutions and commercial lenders to help expand Kenyans’ access to finance to purchase green, affordable solar systems. The Eastern and Southern African Trade and Development Bank (TDB) is participating in a first-of-its-kind, bank-led and entirely Kenyan-Shilling-denominated USD 130 million sustainable securitisation transaction established by Sun King […]
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