Bboxx gets pay-as-you-go solar business PEG Africa

Sep 7, 2022 11:20 AM ET
  • Bboxx is broadening its footprint in Africa by acquiring pay-as-you-go solar business PEG Africa.
Bboxx gets pay-as-you-go solar business PEG Africa
Image: BBOXX

The procurement, with concealed financial details, includes Senegal, Ivory Coast, Ghana and Mali to Bboxx's operating markets, bringing their number to 10, and also strengthens the business's position as a clean power company in Africa with over 35 MW of set up solar capacity, according to an announcement on Tuesday.

PEG has gotten to one million people with its solar home systems in West Africa as well as has almost 100 solution centres and also over 500 employees. Its customers will join Bboxx's os, Bboxx Pulse, in the very first integration of a new business into the platform.

The offer comes as Bboxx is transitioning from giving primarily clean energy to a wider series of products and also solutions including solar home systems, clean cooking, smartphones as well as fundings. Along with getting new customers and markets through the acquisition, Bboxx anticipates to take advantage of PEG's operational experience and credit capabilities

"In West Africa alone, there more than 150 million individuals without any accessibility to power. By accessing to new markets and also utilising PEG's outstanding functional experience, we will make every effort to change that," claimed Mansoor Hamayun, chief executive and also co-founder of Bboxx.

Bboxx has actually up until now given clean power and also other items to more than 2.5 million people. After the acquisition, it will certainly have more than 250 shops and 4,000 workers.

According to the announcement, the acquisition will make Bboxx as well as its group of companies Africa's largest network for utility solutions.

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