This investment was made when British International Investment was named CDC Group.
SolarNow sells modular household solar systems, along with appliances, to the off-grid market in Uganda. The systems are modular so customers can upgrade to larger capacities as their energy needs increase.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, East Africa
- Countries:
- Uganda
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Financial services
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund:
- Novastar Ventures East Africa Fund I LP
- Fund Manager:
- Novastar Ventures Limited
- Start date
:
For direct investments, this is the date British International Investment committed capital to the business or project.
For funds, this is the date that British International Investment committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- October 2014
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Uganda
