Solar energy provider Yellow secures US$4m from Fund manager SunFunder

MALAWI – SunFunder, a fund manager focused on solar energy in sub-Saharan Africa, is providing a US$4 million loan to Yellow, the Lilongwe-based start-up distributes solar home systems that improve access to electricity in rural Malawi and expand its operations. The start-up founded by Mike Heyink distributes solar home systems that provide rural households with access to electricity in this East African country. Given the low standard of living in the countryside, the company allows pay-per-use of its solar home systems via the mobile payment solutions available in Malawi. “When…

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