UK-headquartered solar energy firm Azuri has received a US$5mn letter of credit facility from Standard Chartered for the deployment of its technology in Sub-Saharan Africa.
With the revolving facility, Azuri will manufacture more of its PayGo solar home systems, which allow users to pay for solar power on a pay-as-you-go basis using their mobile phones. These will then be sold in 13 markets across Sub-Saharan Africa, including Kenya, Ghana and Nigeria.
to read the full article