Sefton Fross advises on African Business Magazines Deal of the Month.

Sefton Fross - SunFunder makes first investment in Nigeria with Daystar Power

Sefton Fross advised on Sunfunder’s financing of Daystar Power, a deal which has been featured as the Deal of the Month in African Business Magazine’s June Edition. Sunfunder Inc., an international impact finance fund providing debt capital to solar enterprises in emerging markets, provided a US$4million facility to Daystar Power, a commercial and industrial (C&I) solar developer, in what was Sunfunder’s first deal in Nigeria

The financing will be used by Daystar to provide solar power and energy efficiency solutions for businesses in the commercial, industrial, and agricultural sectors in Nigeria. To read more about this interesting transaction and what Sunfunder and Daystar are doing in Nigeria, please click here.