Peg Africa Raises 4M From Cdc Group To Expand In Senegal
PEG Africa is currently serving over 400,000 daily users in Ghana, Cote d’Ivoire and Senegal, and has recently expanded into solar water irrigation and bigger solar power systems. The firm says it has been profitable in Senegal in its first 12 months and is allocating US$4 million from a debt facility led by UK’s CDC Group to expand operations in the country. “Senegal has been growing far quicker than expected, and has reached profitably within its first year,” said PEG Africa chief executive officer (CEO) Hugh Whalan....