Kenya’s M-Kopa Lands $51 Million in Debt Financing from DFC
- M-KOPA has obtained a $51 million loan from the DFC to enhance digital connectivity in Kenya.
- The funding will enable M-KOPA to provide affordable smartphones and expand access to digital financial services.
- The DFC plans to open a regional office in Nairobi to support private sector development in Kenya and Africa.
The funding obtained by M-KOPA from the DFC will greatly contribute to improving digital connectivity in Kenya and expanding access to financial services for underbanked individuals. The establishment of a regional office by the DFC in Nairobi also shows a commitment to supporting private sector development in Kenya and Africa. M-KOPA's success in securing significant funding last year and its plans for further expansion and reducing greenhouse gas emissions demonstrate its strong position in the market.
