Brighter Life Kenya gets US$65m financing from SFC and d.light

KENYA – Solar Frontier Capital Limited (SFC), a wholly-owned susidiay of African Frontier Capital (AFC) and d.light design Inc., a global innovator of solar energy products, have jointly announced the establishment of a KSh 6.9 billion (US$65 million) financing vehicle, Brighter Life Kenya 1 Limited (BLK1).    The BLK1 is an off-balance sheet financing vehicle, newly incoporated in Jersey, which will be dedicated to acquiring pay-as-you-go (PAYGO) Solar Home System (SHS) accounts receivables from d.light’s Kenyan subsidiary, d.light Limited to provide the company with flexible, working capital to finance its continued…

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