Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Tanzania
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-11-11
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: MOBISOL GMBH
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Type(s): Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IFC website
Updated in EWS: 2017-08-14
Disclosure Date: 2016-10-11
CTIF Mobisol Coinvest
IFC-38784

Project Description
Mobisol is a pay-as-you-go off-grid solar electricity provider operating in East Africa (Tanzania, Kenya and Rwanda). Mobisol's solar home systems range from 80-200W; as at September 2016, the company had installed over 60,000 solar units with a total installed capacity of approximately 6MW. The company's operations cover the sales, installation and maintenance of the systems (both done by trained and certified Mobisol technicians) as well as the management of the pay-as-you-go payment system; the manufacturing of solar panels is outsourced to manufacturers in China and Kenya. Mobisol has offices in Germany (headquarters), Kenya, Tanzania and Rwanda, as well as in China (supply and quality control). IFC is looking to invest $5 million in equity as a part of a co-investment transaction with Investec Africa Private Equity Fund II (Investec Fund II), a fund in which IFC invested $30 million in 2013.
Investment Description
Contact Information
Thomas Duveau Mobisol GmbH Skalitzer Str. 85-86 Aufgang C 10997 Berlin, Germany ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/
Bank Documents