Azuri secures £1M working capital loan from Barclays to accelerate the deployment of its home solar systems, transforming the lives of thousands of rural customers in sub Saharan Africa forever.
Barclays’ support for Azuri is evidence of the company’s maturity in the market. The four year term loan is the first step in a broader and longer-term relationship between the two firms and reflects Barclays’ commitment to supporting Azuri and towards economic and social transformation in Africa.
Sean Duffy, Managing Director of Technology, Media and Telecoms Industry at Barclays, said: “Azuri is a highly innovative business, and is leading the way in distributing pay-as-you-go solar power for off-grid markets. We are fully committed to assisting the company’s growth and this campaign, which will deliver significant social and economic benefits in Africa.”