West African-based pay-as-you-go solar company PEG Africa has made Mali the fourth market and is using its successful expansion playbook after a profitable first year in Senegal.
PEG Africa is deployed to fund solar systems for households and SMEs in West Africa through a PAYG funding model that will enable customers to replace their ongoing spending on polluting fuels such as kerosene and diesel with solar energy.
The company, which currently serves more than 450,000 users daily in Ghana, Côte d'Ivoire and Senegal, raised $ 30 million in funding last year, including a January 25 Series C round Millions of dollars Mali is its fourth operational market.
PEG sees great opportunities in all business areas in Mali, a country with more than 1
"We've spent a lot of time building the capacity and knowledge to profitably open markets, to make sure we do not make the same mistakes twice and understand better chances of success. This has made each market a little easier despite its own challenges and problems. "