World News

Sun King, IFC, And Stanbic IBTC Bank Close $80 Million Debt Facility To Expand Solar Access In Nigeria – Africa.com

IFC and Stanbic IBTC Bank, a subsidiary of Standard Bank Group, have structured an $80 million local currency facility to enable off-grid customers to access affordable solar solutions through Sun King in Nigeria. IFC contributed $50 million. The facility will allow Sun King to expand its pay-as-you-go solar financing, improving access to clean,...

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