African Tech Round-Up

Kenyan Solar Company D.Light Lands $22.5 Million To Fund Growth

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Sinopsis

In a week which saw Yahoo announce that it had suffered the worst cyber-breach in history, and all three of Egypt’s incumbent mobile telcos opting not to bid for the 4G licenses being floated by the Egyptian government, Kenyan solar company, D.Light, shone brightly by announcing that they had raised $22.5 million in funding from leading VC’s, debt financiers and non-profit organisations. The money will be used to grow D.Light’s PayGo business globally— a pay-as-you-go offering which enables low-income customers to buy solar products on credit. D.Light has already made its mark by delivering affordable solar-powered solutions in Africa, China, South Asia and the United States. The company has so far sold more than twelve million solar light and power products in 62 countries, and aims to light up the lives of 100 million people by 2020. In this week’s episode of the African Tech Round-up, Nicholus, one of our US-based listeners, shares insights he gleaned at Intercommunity— the Internet Society’s annual global