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The funding injection aims to accelerate the expansion of clean energy access across the East Africa region and marks a significant milestone in the company’s mission to drive sustainability and economic growth.
The company specializes in providing comprehensive, sustainable, and technologically advanced solar energy solutions to businesses, industries, and communities in the region.
The $20 million investment comes from a consortium of international investors, including the Netherlands Development Finance Company (FMO) and the Global Climate Partnership Fund (GCPF).
The funding demonstrates growing confidence in the potential of East Africa’s renewable energy sector and the significant impact Starsight Energy can have on the region’s economic and environmental sustainability.
With this substantial investment, Starsight Energy is poised to scale up its operations and expand its solar energy infrastructure across East Africa.
The company plans to use the funds to deploy more solar energy systems in key industries such as manufacturing, telecommunications, and healthcare, as well as in rural and underserved communities.
Starsight Energy’s expansion plans not only promise to provide access to reliable and sustainable energy but also offer a substantial boost to local economies.

Moniepoint Inc., a Nigerian fintech company, has received regulatory approval to acquire Kopo Kopo, a Kenyan credit startup. The transaction value has not been disclosed.

Six African fintech companies have been featured on CNBC’s prestigious list of the world’s top 250 fintech companies for 2024.

Eastgate Shopping Centre is set to become the proud owner of Africa’s largest registered rooftop solar installation. The final phase of the project is expected to be completed by the end of the year.