Solar power drive gets Sh11 million boost

Mr Saleem Abdulla, Managing Director Sollatek Electronics Kenya Ltd photo:courtesy

Sollatek Electronics Kenya Ltd, a regional off-grid energy solutions provider, is set to benefit from a Sh11.6 million loan from Netherlands-based Lendahand.

The latter is one of the largest debt crowdfunding platforms focused on lending to SMEs in emerging markets.

The 25 per cent first-loss protection loan will be used to purchase 2,000 solar lanterns and 200 solar home systems for off-grid households and small businesses.

Sollatek was established in Kenya in 1985 and was one of the first companies to enter the solar market.

Business
Premium Kenya leads global push to raise Sh322tr from climate taxes
Real Estate
Premium End of an era: Hilton finally up for sale, taking with it nostalgic city memories
Business
Premium Civil servants face the axe as Ruto seeks to ease ballooning wage bill
Business
Total Energies to pay businessman Sh4 million