Oikocredit, Lion's Head funds back Solarise Africa

Dutch impact investor Oikocredit has partnered with Lion's Head Group-managed funds, the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), to invest $7 million in a $33.4 million multi-currency loan facility for Solarise Africa. The investment will support Solarise Africa's growing provision of affordable commercial and industrial (C&I) solar installations in Africa.

With this investment, Solarise Africa will offer more solar installations and energy efficiency solutions for small and medium enterprises and other businesses in multiple African countries.

FEl acted as the lead arranger for the loan, investing $21.4 million, followed by Oikocredit with $7 million and AGG with $5 million.