Monday, August 18, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News

Uganda’s SolarNow secures $6m debt facility

Tech Gist Africa by Tech Gist Africa
10/24/2017
in News
0 0
0
Uganda’s-SolarNow-secures-6m-debt-facility-Techgistafrica
0
SHARES
Share on FacebookShare on Twitter

Ugandan solar startup SolarNow has secured a US$6 million debt facility to help it reach more clients and expand access to pay-as-you-go (PAYG) solar power.

The facility is lead by SunFunder with the participation of responsAbility Investments AG and Oikocredit.

Disrupt Africa has previously profiled SolarNow, which sells solar systems to rural households and businesses in Uganda with a 24-month credit facility in order to make them affordable. The US$6 million facility is SolarNow’s second structured asset finance instrument arranged by SunFunder, and the fifth transaction between the two overall.

“We are thrilled to continue building our fruitful relationship with SunFunder. So far, it has allowed us to focus entirely on our growth and profitability reaching more than 25,000 clients. This new step of our partnership will enable us to continue tackling the massive unmet market opportunity in East Africa of providing affordable energy to millions of off-grid households, and to reach 70 per cent of Uganda’s off-grid population with solar home systems,” said Willem Nolens, SolarNow chief executive officer (CEO).

SunFunder CEO Ryan Levinson said customers such as SolarNow needed more scalable, less time-consuming financing options so they can focus on their core business of delivering solar energy.

“By leading syndications, SunFunder offers solar companies larger ticket size loans with less hassle, and gives investors a route into the market,” he said.

“We are delighted to build on our long-standing relationship with SolarNow and bring in additional investors.”

Article Source: Disrupt-africa.com

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

apple ceo tim cook
Artificial Intelligence

Apple Reportedly Developing Proprietary AI ‘Answer Engine’

by Tech Gist Africa
08/15/2025
0

Apple is quietly building its own AI-powered “answer engine,” positioning the project as a core upgrade for Siri, Safari, and...

Read more
Australia

Australia Expands Social Media Ban to Include YouTube for Children Under 16

08/15/2025
Bank of Tanzania

Tanzania launches Core Banking System to Modernize Finance

08/15/2025
Microsoft

Microsoft Becomes the Second $4 Trillion Company

08/14/2025
Nuclear Plant

South Africa Greenlights 4 GW Nuclear Plant in Landmark Energy Shift

08/14/2025
Next Post
Angolan food delivery startup Tupuca aims for regional expansion - Techgistafrica

Angolan food delivery startup Tupuca aims for regional expansion

Urbantech co-working space set to launch in Cairo

Urbantech co-working space set to launch in Cairo

Publiseer Introduces Client Login Portal to Help Its Authors and Artistes Track Their Progress - Techgistafrica

Publiseer Introduces Client Login Portal to Help Its Authors and Artistes Track Their Progress

No Result
View All Result

The Big 5

Ilorin Hackathon Nigeria

 Ilorin Ignites Innovation: Hackathon 2025 to Empower Nigeria’s Brightest Tech Minds

by Tech Gist Africa
08/15/2025
0

...

Africa Tech Festival 2025

Africa Tech Festival Returns to Cape Town in November

by Tech Gist Africa
08/12/2025
0

...

Fadi Ghandour

Trailblazer of MENA Entrepreneurship: Celebrating Fadi Ghandour’s Legacy

by Tech Gist Africa
08/11/2025
0

...

Ghana Tech Gist Africa

TICON Africa Conference Set for August 20–22 in Accra

by Tech Gist Africa
08/11/2025
0

...

Lisbon Web Summit 2025

Web Summit 2025 to Return to Lisbon

by Tech Gist Africa
08/11/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.