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CTIF Mobisol Coinvest

Sector: Residential • Location: Tanzania

Source: International Finance Corporation (IFC)

Project
Completed

Mobisol is a pay-as-you-go off-grid solar electricity provider operating in East Africa (Tanzania, Kenya and Rwanda). Mobisol’s solar home systems range from 80-200W; as at September 2016, the company had installed over 60,000 solar units with a total installed capacity of approximately 6MW. The company’s operations cover the sales, installation and maintenance of the systems (both done by traine

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Project Information

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The project “CTIF Mobisol Coinvest” is an infrastructure initiative in the Residential sector, located in Tanzania. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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completed

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Description

Description

Mobisol is a pay-as-you-go off-grid solar electricity provider operating in East Africa (Tanzania, Kenya and Rwanda). Mobisol’s solar home systems range from 80-200W; as at September 2016, the company had installed over 60,000 solar units with a total installed capacity of approximately 6MW. The company’s operations cover the sales, installation and maintenance of the systems (both done by trained and certified Mobisol technicians) as well as the management of the pay-as-you-go payment system; the manufacturing of solar panels is outsourced to manufacturers in China and Kenya. Mobisol has offices in Germany (headquarters), Kenya, Tanzania and Rwanda, as well as in China (supply and quality control). IFC is looking to invest $5 million in equity as a part of a co-investment transaction with Investec Africa Private Equity Fund II (Investec Fund II), a fund in which IFC invested $30 million in 2013.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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