The DRC-based Altech Group has raised US$18 million in debt financing and grants to continue strengthening its market position and expand access to energy across the country. It has positively impacted the lives of more than 1.7 million Congolese by selling over 350,000 solar energy products. The US$18 million growth capital just announced will enable Altech to open more than 30 new sales outlets in rural areas without competition, and distribute 180,000 solar products, to extend clean, reliable energy access to 900,000 people. The debt financing was provided mainly through separate facilities by the Energy Entrepreneurs Growth Fund (EEGF) Triple Jump and Rabobank, respectively. Providing access to clean, affordable and reliable energy is one improvement we can make to people’s lives,” he said.

Source: The North Africa Journal April 21, 2023 21:02 UTC