The corporate goals to increase its footprint in Nigeria outdoors its presence in Lagos and Oyo in 2022, Duroshola says in Lagos. Enlargement might happen in Port Harcourt, Ogun and japanese Nigeria, although no last choices on the areas to be focused have but been reached, he says. Duroshola joined M-KOPA in July.
M-KOPA was based in Kenya 2011 and helped the nation’s pay-as-you-go (PAYG) photo voltaic market to develop. The corporate, which additionally operates in Uganda, has bought greater than 1 million PAYG photo voltaic methods and expanded its finance provide to incorporate televisions and fridges. It launched smartphone financing in 2019, with loans designed to assist individuals who can’t afford to purchase outright and should not be capable to borrow from a financial institution.