Tuesday, November 12African Digital Business Magazine

Tag: dlight

Energy, Kenya News

d.light Co-Founder and CEO Nedjip Tozun Recognized on 2024 TIME100 Climate List for Pioneering Clean Energy Access Impact

Nedjip Tozun, Co-Founder and CEO of d.light, has been honored with a spot on the prestigious *TIME100 Climate* list for 2024. This annual list highlights the world's most influential leaders driving meaningful climate action and pioneering sustainable solutions across industries. Tozun’s inclusion recognizes his transformative work in expanding access to clean energy for underserved communities in Africa and Asia. Since co-founding d.light in 2007 at Stanford University, Tozun has dedicated himself to providing affordable, off-grid clean energy solutions that empower lives and protect the planet. Under his leadership, d.light has positively impacted over 180 million people by delivering solar-powered products—ranging from home systems and lanterns to appliances—that have improved energy...
Energy, Tanzania News

d.light closes USD$125M funding through a securitization facility to meet growing demand for off-grid solar products in Tanzania

New funding brings total potential in securitized financing raised since 2020 to USD$490M  d.light, the global provider of transformational household products and affordable finance for low-income households, today announced a $30 million securitization facility has been successfully secured from the Eastern and Southern African Trade and Development Bank Group (TDB Group), with the capability to purchase up to $125 million of receivable assets. d.light will use the capital to increase its existing securitized financing facility in Tanzania and scale up its low-cost Pay-Go personal finance service in the country so that more low-income people and households can purchase the company’s affordable, solar-powered household products. d.light has now raised $490 million in total securitized f...