The European Investment Bank (EIB) has provided $25-million in financing for off-grid solar lighting company d.light to strengthen access to energy in Africa.
This will enable d.light to install solar kits, including panels and lamps, and low-energy equipment, such as radios and televisions, in sub-Saharan Africa.
The installations will initially take place in Ethiopia, Kenya, Nigeria, Tanzania and Uganda.
The company is targeting ten- million installations in five years.
EIB VP Ambroise Fayolle said that particular emphasis would be placed on rural and suburban populations, as well as microentrepreneurs.
Fayolle added that the EIB was determined to implement the 2015 Paris climate agreement and to cooperate in achieving the Sustainable Development Goals.