BBOXX secures local funding for Togo solar scheme

UK-based BBOXX has secured a $4m local currency loan from government-owned Union Togolaise de Banque (UTB) to fund the first phase of the company’s activities in Togo. The Togolese government aims to increase access to electricity from 36% in 2016 to 60% in 2022 under its Accelerated Growth and Employment Strategy. In rural areas, a government study identified 300,000 households that cannot economically be connected to the grid but which are suitable for solar home systems.