Akon lighting Africa Initiative to go public!!!




Akon, the star rapper and renewable-energy entrepreneur, is considering an initial public offering of his Chinese-funded solar business in #Africa to fuel an intercontinental expansion. In just three years, the #Akon Lighting Africa initiative has completed 203,200 small-scale solar projects including the installation of miniature grids and street lighting across 17 African countries. Over the last 7 years, Akon has built his #solar business, Akon Lighting Africa, with credit lines of $1 billion from Chinese backers. The venture has structured about $400 million of solar deals. The company works with local governments and banks to set up public-private partnerships to finance projects.

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