Sierra Leone: FMO invests in off-grid energy company
Dutch development financier FMO has signed a $1.49 million investment in Azimuth Group Corp. (active under the brand name Easy Solar), an off-grid energy provider in Sierra Leone and currently expanding to Liberia. The investment will be from FMO’s Access to Energy Fund and will support the company’s continued expansion both inside and outside Sierra Leone.
Easy Solar focuses on the last-mile distribution of smaller sized solar home systems and lanterns on a pay-as-you-go basis. Customers pay off their system and associated devices through payment plans that vary in length.
Reach Africa’s private equity community by publishing a Showcase Article, Job Opportunity or Event on Africa Private Equity News. Contact us at editor@africaprivateequitynews.com for our rate card and more information.