Zimbabwe: Sun Exchange makes first foray out of South Africa

Issue 427 - 19 Nov 2020

Online solar cell leasing platform Sun Exchange has launched its first project outside South Africa, and its first project to use battery storage, at fresh produce exporter Nhimbe Fresh’s farm in Zimbabwe. The $5.3m project will also be the first with a US dollar-pegged, fixed lease price, which Sun Exchange is hoping will help expand its user base internationally. The project is its largest to date and the company raised $4m in a Series A funding round led by a $3m investment from ARCH Emerging Market Partners this year.

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