BBOXX equity vehicle to scale up operations

A new investment vehicle has been established to invest in regional partners for UK-based off-grid solar company BBOXX. The vehicle, named Beam, will be managed by BBOXX shareholder Bamboo Capital Partners. Beam has been designed to support BBOXX’s ambition of expanding into 15 to 20 countries over the next five years. The company is operating in Kenya, Rwanda, Democratic Republic of Congo, and Togo. Bamboo’s Florian Kemmerich told African Energy that the terms of the first transaction were being negotiated.