A $50 million green bond listing marks the first time off-grid solar receivables from Africa have entered the public bond markets - and signals a structural shift in how energy access gets financed.
Ranked among the Top 500 in the 2025 Times Higher Education World University Rankings, Morocco's UM6P has actively invested in startups through UM6P Ventures.
These projects encompass a range of technologies, including mini-grids, solar installations for commercial and industrial clients, and small-scale independent power plants (IPPs) with a capacity of up to 25MW.
Kholo Capital will target investments ranging from R70 million to R200 million ( $3.8 million to $10.9 million USD) in SMEs demonstrating a minimum EBITDA of R25 million ($1.4 million USD).
The move, unveiled this week, marks a strategic diversification for the company, initially known for its e-commerce operations serving informal retailers.
A $50 million green bond listing marks the first time off-grid solar receivables from Africa have entered the public bond markets - and signals a structural shift in how energy access gets financed.
