Tanzania-headquartered Zola Electric has secured a five-year loan of $32.5m from the Dutch Development Bank and investment company Symbiotics. The project is expected to be completed by December 2018, with construction starting in January 2019.
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.