BBOXX secures $8m funding to roll-out of solar home systems across Rwanda
by Techmoran 2019-06-03
Share on

BBOXX has secured an USD$8 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF) to accelerate it’s roll-out of solar home systems across Rwanda, its largest market.

 

To date BBOXX has installed 80,000 solar home systems in customers’ homes and businesses in Rwanda. The innovative local currency loan mitigates the company’s medium-term FX related risks, as BBOXX customers make mobile money payments in Rwandan Francs to pay for their solar electricity.


(picture source: sunfunder.com)