UK-based energy company Bboxx has launched its new bPower20 product aiming to power rural households and micro-businesses. The initial launch will take place in the Democratic Republic of Congo (DRC), Togo, Rwanda and Kenya, with a further roll out in other markets in 2021. The product comes with a 20-watt solar panel and up to […]
AIIM bets on solar power growth with further investment in Bboxx
African Infrastructure Investment Managers (AIIM) plans to invest more money into clean-energy utility platform Bboxx to fund the company’s growth, AIIM chief investment officer Romain Py tells The Africa Report. Private-equity firm AIIM’s stake in Bboxx, which operates in countries including Democratic Republic of Congo (DRC), Rwanda and Kenya, won’t increase from its current level […]
BBOXX closes a $50 million series D funding round led by Mitsubishi
BBOXX set to accelerate global expansion with $ 50 million series D funding round led by Mitsubishi Corporation BBOXX, a next generation utility, has successfully closed a $50 million Series D funding round. The financial milestone includes a substantial investment from Mitsubishi Corporation, a global integrated business enterprise headquartered in Japan, which led the round. […]
BBOXX bags $8m loan to accelerate solar home systems in Rwanda
Next generation utility BBOXX has secured an $8 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF). The local currency loan – one of the first to be made since the fund’s launch last year – accelerates BBOXX’s roll-out of solar home systems across Rwanda, its largest market. The Rwandan Franc-denominated loan […]