Sun King, the world’s largest off-grid solar energy company, has secured a landmark KES 20.1 billion (USD 156 million) securitisation deal, the largest of its kind in Sub-Saharan Africa outside South Africa. This financing aims to expand solar power access for an estimated 1.4 million low-income households and businesses across Kenya.

• The deal, arranged by Citi and with Stanbic Bank Kenya Ltd as placement agent, is backed by a consortium of five commercial banks and three development finance institutions.
• Sun King's second and largest KES-denominated securitisation builds on a $130 million deal from 2023.
• The company's pay-as-you-go model allows customers to purchase solar home systems and smartphones through daily mobile money payments starting at just KES 25 (USD 0.19).

Infinix has launched a limited-time mid-year clearance sale in Kenya, offering significant discounts of up to KES 3,000 on the Infinix Smart 9 and Hot 50 Pro+ smartphone series.

• The Smart 9 (128GB + 8GB RAM) is now priced at KES 11,329, a saving of KES 2,090 (15.6%) from its original KES 13,419.
• The Hot 50 Pro+ (128GB + 16GB RAM) is reduced to KES 22,549, and the 256GB + 16GB RAM variant to KES 25,299, each offering a saving of KES 3,190.
• The sale targets budget-conscious consumers, including students and young professionals, providing premium features like 120Hz displays and advanced cameras at competitive prices.

Equity Bank and CFAO Mobility Kenya have partnered to offer a revolutionary 105% vehicle financing solution for educational institutions across Kenya, covering vehicle costs, insurance, and associated expenses. This initiative addresses the critical need for safe and reliable school transportation by providing flexible repayment terms up to 84 months, aligning with academic calendars.

• Schools can finance popular models including the Toyota Hiace Van, Mercedes Benz Bus 917, and Hino FC 500.
• The partnership includes comprehensive after-sales support and training, emphasizing proper vehicle usage and maintenance.
• David Bagenda, Commercial Director for Equity Bank, highlighted the broader educational impact, enabling dignified and dependable mobility for students.