EDFI Management Company’s Post

In Kenya, where in 2022 only 70% of the population had electricity (in some rural areas this number is as low as 30%), people rely on hazardous kerosene lamps and candles. This strains their finances, limits their potential for education, good health, and prosperity.    We invested at that time, through EDFI ElectriFI - The Electrification Financing Initiative, USD 4m in early-stage pay-as-you-go Solar Home System (SHS) provider Solar Panda, founded by Andy Keith, to bring clean energy access to Kenyan households and create jobs. As of July 2024, Solar Panda has served over 350,000 families, of which >30.000 are in Kenya's underserved counties, a number expected to increase to 125,000 by 2029.   Their mission is to ensure that every household has access to solar energy, transforming lives and communities in the process. They are leading the affordable solar energy revolution. The company’s motto, Boresha Maisha, translates to "Improving lives," reflecting their commitment to uplifting the communities they serve. Read more here: https://lnkd.in/e6YrsqWr #impactinvesting #sustainablefinance #developmentfinance #kenya #solarpanda

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Guillaume Cruyt

Venture Capital - Renewable Energies

3mo

Big shout out to Andy Keith, Samuel Leung, MBA, CFA, CPA, CMA, Brett Bergmann, Joel O., Prue M., Antony Makau, Zuena Munywoki and the rest of the team for making it happen!

Newton Wossman

Field Sales Manager @Solar Panda Kenya_Nyahururu

3mo

We have come a long way indeed.Go go Solar Panda .

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