Azuri Technologies

ElectriFI invested EUR 1.5 million in junior debt to support the expansion of Azuri’s Solar Home System business in Kenya.

Contract signature date: December 2017
Total ElectriFI financing: EUR 1.5 m
Environmental and Social Category: B

*(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk

About the project

ElectriFI invested EUR 1.5 million in the first phase of a financing program that is worth more than USD 4 million, alongside Azuri and its investment partners, including impact investment platform TRINE. The first phase will be deployed in Kenya and subsequent phases of the program will expand to Azuri’s other key territories in East Africa including Tanzania, Uganda, and Zambia.

Azuri Technologies is a leading commercial provider of PayGo solar home systems to rural off-grid communities. With the widest reach of any provider in sub Saharan Africa, Azuri is leveraging solar and mobile technology to allow users in 12 different countries to access renewable, distributed power on a pay-as-you-go basis.  Azuri has launched an innovative $20 million off-balance-sheet debt financing program to provide working capital for the expansion of off-grid energy and service provision in East Africa, including its satellite-TV solution, to tens of thousands more households across the its target countries.

At a glance

Investment disclosure

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