Sun King Closes KES 20.1 Billion Securitisation to Expand Off-Grid Solar Access Across Kenya
Sun King has secured KES 20.1 billion in the largest securitisation outside South Africa to scale solar energy access in Kenya..
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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).
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Kenyan Financial Institutions Launch Financing Initiatives - July 2025
Equity Bank and CFAO Mobility Kenya have partnered to launch a 105% vehicle financing solution designed for educational institutions across Kenya, aiming to provide safe and reliable school transportation with flexible payment plans up to 84 months. Concurrently, Sun King 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, to expand off-grid solar power access for an estimated 1.4 million low-income households and businesses in Kenya. Additionally, Infinix is running a limited-time mid-year clearance sale in Kenya, offering discounts of up to KES 3,000 on its Smart 9 and Hot 50 Pro+ smartphone series.
