Proparco backs d.light with equity

Image Credit: d.light

Proparco has invested equity in d.light, a solar power and products company with operations in Africa and Asia. The French development finance institution is investing $10 million in the company, which will be used to expand d.light’s solar and Pay-Go consumer finance business in Africa. No additional terms of the deal were available as we went to press.

“We are impressed by d.light’s track record in meeting evolving customer needs for access to electricity across both Africa and Asia,” said Denis Braud, Proparco’s Head of Equity for the Middle East and Africa. “Their experienced team has developed efficient sales and distribution channels in these markets and continues to expand their product range. We look forward to supporting the company to realize its growth ambitions.”

To read this article, you must be a paid subscription member. (Current members login here)

\"\"

Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at]africacapitaldigest.com today.