Sumitomo invests in Kenyan firm M-KOPA

Japanese firm, Sumitomo Corp., has invested in M-KOPA Holdings Limited. M-KOPA empowers homes and small businesses through an advanced pay-as-you-go platform – unlocking solar, information, technology, finance and opportunity for millions of people.

Through this investment, Sumitomo aims to launch a new business related to distributed power sources and contribute to improving the living standards of people inhabiting non-electrified areas.

Sumitomo will help M-KOPA achieve further growth by capitalizing on its expertise in the construction and operation of power generation plants, while also utilizing the findings and knowhow gained in various other business domains, thereby contributing to the delivery of sustainable clean energy to more people to upgrade their lives.

Source: AE Africa



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