Kenyan Wall Street | by Miriam Wangui
Norfund, a private equity firm owned by the Norwegian government, has invested KSh1.6 billion ($15 million) in Brighter Life Kenya 1 to go toward solar energy projects. The funds will be used to acquire solar home systems from leading solar energy firm d.light Kenya and to provide power to over 1.9 million Kenyans living off-grid.
The investment is a social impact venture that aims to provide electricity to many Kenyans who lack access to the basic commodity. The project is expected to generate KSh9.6 billion ($88 million) additional income to…
