Kenyan Wall Street | by Eunniah Mbabazi
French energy group, EDF has announced the buying stakes in two Kenyan companies; a 50% stake in solar energy firm Econet Energy Kenya and a 23% stake in off-grid energy company Bboxx Kenya. The move seeks to boost the group’s presence in Africa and in renewable energy.
However, they did not disclose the financial terms.
With EDF already present on the Kenyan market of solar irrigation pumps for small-holder farmers with its partner Sunculture, it says it will now extend its off-grid offer to the residential market and…
