Solar firm M-Kopa to get Sh7.9 billion IFC loan

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M-Kopa Solar kit and a digital solar-powered TV.  FILE PHOTO | NMG 

Solar and financial technology firm M-Kopa Holdings Limited has received Sh7.94 billion ($65 million) from the International Finance Corporation to fund its business in Kenya and Uganda.

The financing is part of a five-year facility of Sh21.97 billion arranged by Standard Bank of South Africa to be distributed among its Kenya and Uganda subsidiaries.

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