Biggest Africa Solar Mini-Grid Firm Plans $650 Million Expansion


The company, in which the International Finance Corp. bought a stake last month, plans to spend $450 million expanding in Nigeria and Congo, which together account for about 170 million of the more than 560 million people without access to electricity in sub-Saharan Africa. Another $200 million will be spent in in Madagascar, Mali and a new country, de Villeneuve said. 



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