Deal Street

Kenya’s Solarise Africa Secures USD 5.9 Mn Debt Financing To Scale
Kenya’s Solarise Africa Secures USD 5.9 Mn Debt Financing To Scale

Solarise Africa, a Kenyan energy leasing company, has received EUR5 million (USD 5.9 Mn) in debt funding from Trine, a Swedish impact investing platform, to help it continue to expand across Africa.

Solarise Africa is a commercial and industrial energy leasing company that focuses on solar and other energy assets. The company, which provides smart financing via a selected group of partners. The funds will be disbursed across multiple tranches and will go into advancing investments in food security, renewable energy, urban development, and manufacturing and production in South Africa, Kenya, Ghana, and Rwanda.