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2 clusters · 5 sources · 5 days · First seen · Last updated

Orb Energy solar expansion in East Africa

Overview

Orb Energy has secured a $2 million strategic equity investment from KawiSafi Ventures, the for-profit investment arm of Acumen, to expand its commercial and industrial (C&I) solar business across East Africa.

The capital is designated to support Orb Energy’s project pipeline, primarily in Kenya, while facilitating expansion into neighboring markets. The funding will assist projects as they transition from development and contracting phases into active construction. Additionally, the investment aims to accelerate project delivery, scale the local workforce, and strengthen institutional partnerships to mobilize future debt financing.

KawiSafi Ventures provided the investment through its second fund, which focuses on green productivity, clean transportation, and the energy transition in Africa. Orb Energy, which maintains its African headquarters in Nairobi, has previously installed approximately 15 megawatts of rooftop solar for various sectors, including healthcare, manufacturing, and hospitality.

Entities

KawiSafi Ventures · Orb Energy · Acumen · Kenya · Nairobi

Timeline

  1. [BUSINESS] 3 sources
    Orb Energy secures $2 million for East Africa solar expansion

    Orb Energy has secured $2 million from KawiSafi Ventures to expand its commercial and industrial solar business across East Africa, specifically targeting projects in Kenya.

  2. [BUSINESS] 2 sources
    Orb Energy receives $2 million from KawiSafi Ventures for East African solar expansion

    KawiSafi Ventures has invested $2 million in Orb Energy to expand commercial and industrial solar infrastructure across East Africa, focusing on project delivery and regional growth.

Sources

businessnews.com.my · innovation-village.com · mercomcapital.com · mercomindia.com · up18news.com