M-Kopa unveils plan to enter Tanzanian market

By MARGARET KANINI

Kenya-based asset financing company, M-Kopa Solar has announced plans to enter the Tanzanian market. It said it entered the Ugandan market late last year and since then a total of over 4,000 poor households now have access to world-class solar power products for less than their daily spend on kerosene.

“These, when added to the current 65,000 customers in the Kenyan market with access to the locally-generated, clean, renewable energy will boost the company’s business agenda,” it said. Managing director and co-founder of the start-up, Jesse Moore said most African countries spend billions of dollars annually on kerosene. This is why we thought it would be better to try increase the number of people with access to cheap and environmentally friendly power,” he told The Standard.