Azuri Technologies, a leading provider of pay-go solar products and services across sub-Saharan Africa, has launched Sh2 billion ($20 million) off-balance-sheet debt financing program to provide working capital for the expansion of off-grid energy and service provision in East Africa. “Completing the first phase of our receivables financing program is a major step for Azuri. It will enable us to attract a new set of commercial investors to expand the impact of our work,” said Azuri’s CEO, Simon Bransfield-Garth. Subsequent phases of the program will expand to Azuri’s other key territories in East Africa including Tanzania, Uganda, and Zambia. The Azuri financing program allows commercial debt to be raised and secured against the future revenues of Azuri customers.

Source: The Star January 22, 2018 21:11 UTC