Mauritius’ IBL buys Kenyan solar firm Equator Energy

Solar power

Solar power. FILE PHOTO | NMG 

Mauritian firm IBL Group has bought an undisclosed stake in Kenyan-based solar power firm Equator Energy Limited in a deal that deepens its presence in the local economy.

IBL says it has entered into a share purchase agreement –as part of a consortium— for the acquisition of a majority stake in Equator Energy.

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