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USD 30Mn invested towards Softlogic Life’s growth by Finnfund, NorFund & Munich Re – Lanka Business Online

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Softlogic Life Insurance PLC introduced the inking of landmark offers with Development Financial Institutions; Finnish Fund for Industrial Cooperation Ltd – Finnfund and The Norwegian Investment Fund for Developing Countries. Norfund and monetary have collectively signed a USD 15Mn Tier II Subordinated Debt transaction with the Company on 24th August 2020 that may present funding to…

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#30Mn #business #economy #finance #Finnfund #growth #invested #Lanka #Lanka Business Online #lbo #Lifes #Munich #NorFund #online #Softlogic #Sri Lanka Business News #Sri Lanka Finance News #USD

German Solar Energy Firm Secures $11.4m to Expand East African Operations

Mobisol, a German solar energy provider has secured Sh1.19 billion ($11.4 million) from Finnish industrial fund manager FinnFund to expand its operations across East Africa.

Mobisol already has a visibly strong presence in Kenya where it has about 10 megawatts of installed solar energy capacity, servicing homes and small businesses in the country. It is also present in Tanzania and Rwanda.

But…

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#Business in Africa #East Africa #FinnFund #Investing in Africa #Mobisol #Solar Energy

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