Sun King is a leading provider of solar energy products in Africa, known for its innovative financing solutions for off-grid energy access.
Kenya’s new tax proposals threaten M-KOPA, Sun King phone assembly plants
The Finance Bill 2026 proposes a 25% excise duty on domestically manufactured smartphones. Locally assembled smartphones will lose their zero-rated VAT status, raising their costs.
Lightrock’s cash for climate hits $2B with final close of $500M fund for clean energy in emerging markets
Lightrock has reached final close on a $500 million fund for clean energy. The firm launched Accelerate7 to deploy capital in emerging markets.
Half of Africa’s Biggest ‘Startup Rounds’ in 2025 Were Actually Bank Loans
African tech funding crossed $3 billion in 2025, a 36% increase from 2024. Five of the top ten largest capital raises in 2025 were not equity investments but debt facilities and structured finance.
Why Equity Financing Is Driving Africa’s 2025 Startup Rebound
Investments in Africa's tech startups grew 36% year-over-year, exceeding $3 billion. Equity financing now accounts for over 90% of all funding in the region.
London-based Lightrock invests $40M in Sun King’s off-grid solar growth
Sun King secured $40 million in equity financing from Lightrock to expand its solar energy services. The company currently serves over 50 million people across Africa and plans to reach 200 million by 2030.
