PROJECT

Projects

Summary of Investment Information

Project Number

38784

Company Name

MOBISOL GMBH

Date SPI Disclosed

Oct 11, 2016

Country

Tanzania

Region

Africa

Projected Board Date

Nov 14, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Equity Portfolio Management

Industry

Infrastructure

Previous Events

Approved : Nov 11, 2016
Signed : Nov 14, 2016
Invested : Nov 15, 2016

Sector

Solar - Renewable Energy Generation

Project Description

The project consists of an IFC equity investment of up to US$7.5 million in a co-investment vehicle (“IFC Co-investment Fund” or the “Project”) with IFC’s existing investee fund Investec Africa Frontier Private Equity Fund II (“Investec II”). The purpose of the vehicle is for IFC to participate in a co-investment with Investec II in Mobisol GmbH (or the “Company”). Mobisol combines solar energy with an affordable payment plan via mobile phone, comprehensive customer service and innovative remote monitoring technology. The Berlin-based company offers low-income customers in developing nation’s quality solar home systems that are a clean alternative to unhealthy, environmentally harmful, and expensive fossil fuels.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation