Tanzania-headquartered Zola Electric has secured a five-year loan of $32.5m from the Dutch Development Bank and investment company Symbiotics. Zola Electric, which rebranded from Off Grid Electric earlier this year, will use the funding to offer its solar kits to 23:21 Tanzanian households.
Tanzania-headquartered Zola Electric has secured a five-year loan of $32.5m from the Dutch Development Bank and investment company Symbiotics. Zola Electric, which rebranded from Off Grid Electric earlier this year, will use the funding to offer its solar kits to an additional 145,500 Tanzanian households.