Entries by Usher Paul

‘We are excited to announce our latest funding from SunFunder together with responsAbility and Oikocredit.

SOLARNOW AND SUNFUNDER ANNOUNCE $9M DEBT FINANCING WITH OIKOCREDIT AND RESPONSABILITY   Kampala-based off-grid solar company SolarNow closes largest-yet receivables financing facility with SunFunder, Oikocredit and responsAbility The $9m facility is SolarNow’s third structured asset finance instrument, known as SAFI, arranged by SunFunder. It will enable the company to deploy 17,500 new off-grid solar systems […]

SolarNow receives the ‘Best provider of Solar Energy Equipment & accessories’ in Uganda Award.

Consumers Choice Awards is the only organization in Uganda to recognize business excellence by conducting statistically comprehensive and objective accurate independent market research survey, to determine brand reputation, customer satisfaction and business excellence for the quality of their service, value, professionalism and integrity. Consumers Choice Award recipients are chosen by consumers: Real Votes. Real Winners. […]

SOLARNOW Named as one of the top 10 DUTCH financial inclusion champions!

ITS A HAT TRICK SolarNow wins 3rd award this year! Yes, you read and heard right. SolarNow has won yet another prestigious award in a single year. SolarNow is the consumers’ choice brand for the year 2018 under the category “Best providers of solar energy equipment and accessories 2018” and because of this, we get to […]

Eseye Collaborates with SolarNow and Amazon Web Services to Help Bring Solar Energy to Remote Regions in East Africa

Eseye’s AnyNet Secure SIM with AWS Device Defender protects SolarNow customers from disruptive, malicious, and costly service interruptions for remotely deployed solar equipment Eseye a leading global cellular internet connectivity provider for the Internet of Things (IoT) devices has been selected by Amazon Web Services (AWS) to be an AWS IoT Device Defender launch company, […]

SolarNow raises $9m from Novastar and Shell

Leading off-grid solar company SolarNow today announces its $9 million series-B equity round. This capital allows the Dutch company to scale its distribution in Uganda and Kenya and expand into new markets. Investors include Novastar and Shell. SolarNow sells and installs high quality customized solar energy solutions capable of supporting income- generating activities, as well […]

SolarNow Enabling IoT To Change Lives Across Africa

Introduction The Internet of Things (IoT) is impacting the lives of millions around the world – but none more so than those in Africa. It is for this reason SolarNow, a social business which is passionate about transforming lives by providing high quality solar energy, appliances and financing solutions in East Africa, has turned to […]

SunFunder leads $6m syndicated receivables financing facility for SolarNow

A key pathway for scale in our sector is through syndication – multiple lenders investing together. Today we are delighted to announce the arrangement of a syndication lead by SunFunder with the participation of  responsAbility Investments AG and Oikocredit! As Ryan Levinson, SunFunder CEO, puts it: “Our customers need more scalable, less time-consuming financing options so they […]

Global LEAP Finalist

SolarNow has been selected as a finalist of the 20-17 Global LEAP Awards Television and Fan Competitions in the large television category for Outstanding Off-Grid Televisions. The jury has highlighted the balance between brightness and energy efficiency of our 23.6″ TV which provides our customers with an “on grid” viewing experience. This recognition reinforces our […]

Kisumu Branch Grand Opening

After over a year of working, fighting and preparing we finally opened Kisumu branch on 20th June!! The event was symbolic of our struggle to get this venture off the ground and open to the public. The Grand opening of our Kisumu branch was a huge day for us, as everything we had worked so […]