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Firm obtains Sh1.6bn SBM loan to connect homes with solar

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SBM Bank branch in Nairobi. FILE PHOTO | NMG

By  KEVIN ROTICH

SBM Bank Kenya has lent Sh1.6 billion to solar energy firm Bboxx that plans to connect 470,000 homes to the renewable energy source.

GuarantCo, a fund backed by the governments of UK, Switzerland and Australia among others, is guaranteeing Sh1.2 billion or 75 percent of the loans.

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