Private investors buy into largest-of-its-kind solar deal to electrify Kenya

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1. Commercial banks have bought into a major $150 million financing deal for off-grid solar power in Kenya, in a sign of growing investor confidence in the electrification of sub-Saharan Africa.

   Sun King, an off-grid solar energy company, raised the Kenyan-shilling equivalent of $156 million by bundling future payments from its solar-power customers into an asset-backed security that was bought by investors.

   Read more: [https://cnb.cx/45nbllz](https://cnb.cx/45nbllz)

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