UK-based Azuri Technologies said it has raised $26 million to expand its individual solar kit business to cater to African households. IP group, a British technology-focused investment fund, and Fortune 500, a major shareholder of Azuri Technologies, have also contributed. Azuri Technologies aims to expand its footprint in East Africa, in countries including Kenya, Tanzania, Zambia and Nigeria. Through the input of Marubeni, Azuri will accelerate its expansion strategy, which will also include TV and additional services into new markets. IIn Nigeria, Azuri signed with First Bank of Nigeria, thus benefitting from the banks Firstmonie service, triggering mobile phone payments.

Source: The North Africa Journal June 19, 2019 14:03 UTC