Kenya banks move to close green financing gap as GGGI, KBA seal five-year deal
NAIROBI,Kenya, Sep 4- Kenya’s banking sector is set to play a bigger role in financing climate and biodiversity projects under a new five-year partnership aimed at turning more green businesses…
Sun King, an off-grid solar startup, is expanding its PayGo model into Kenya's growing financed-device market by manufacturing smartphones in the country. The company's EZ 3 smartphone requires a KES 2,299 ($18) deposit and KES 55 ($0.43) a day for 365 days, making it more affordable for customers who may struggle to pay for a device outright.
Sun King entered Kenya in 2009 as Greenlight Planet, selling off-grid solar products, and now has a manufacturing facility in Tatu City, capable of producing up to 700,000 units a year. The company's strategy aims to tap into Kenya's expanding market for financed devices, where M-KOPA and Watu have already established a presence.
Brief written by urgent.news from TechCabal's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
