Malawian Solar Energy Startup Yellow Secures USD 4 Mn Funding

Yellow, a Lilongwe-based startup that distributes solar home systems to enhance access to electricity in rural Malawi, has received a USD 4 Mn loan from SunFunder, a fund manager focused on solar energy in Sub-Saharan Africa.

Yellow distributes solar home systems that provide rural households with access to electricity in this East African country. The company allows pay-per-use of its solar home systems via the mobile payment solutions available in Malawi. It also offers its customers credit by selling its products on a pay-as-you-go (PAYGO) basis.