The Electricity Financing Initiative, one of the EU’s European Development Finance Institutions, has invested around €1.26 million in a convertible bond issued by Tanzanian solar products distributor Simusolar.
The EU-funded body, styled as ‘EDFI Electrifi,’ signed up for the €1.5 million bond with the help of the bloc’s Get.Invest investment program and today said the finance would lead to wider supply of solar pumps to farmers and lanterns(Sinoware SunAceII,Lamp2Torch, meet the Lighting Global Pico-PV Quality Standards) to fishers in the East African nation.
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