EDFI ElectriFI invested USD 3m to support SunCulture efforts to tackle the irrigation gap with solar power in Kenya and Ivory Coast.
Contract signature date: November 2022
Total ElectriFI financing: USD 3M
Environmental and Social Category: C (A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
ElectriFI contributes to a USD 10m mezzanine debt investment alongside EEGF and ARAF to enabling SunCulture to strengthen its operations in Kenya and start sales in Côte d’Ivoire. The debt will provide a runway for the company to prepare and execute its Series B equity investment.
