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Asset financing startup M-Kopa received KSh 35 billion from Standard Bank and Japanese-based trading house Sumitomo Corporation for its expansion in drive.
M-Kopa said on Monday that the capital injection includes Sh7.5 billion ($55 million) and Sh27.4 billion ($200 million) in debt.
Standard Bank Group, M-KOPA's strategic partner, has arranged over $200m in sustainability-linked debt financing.
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Standard Bank Group has arranged sustainability-linked, multi-currency facilities to support M-KOPA’s growth in Kenya and Uganda