Standard Bank Group, Citi, CDC Group and Norfund have partnered to provide a $75 million equivalent KES denominated sustainable finance facility for Greenlight Planet Kenya, Africa’s leader in off-grid solar home solutions.

The landmark facility is one of the first sustainability-linked deals in Kenya, and one of the largest syndicated sustainable finance deals in the region to be provided in local currency. The transaction will allow Greenlight Planet to expand access to off-grid so...