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Royal Bafokeng Holdings (RBH), an African community investment company, is considering making a $20 million equity investment in DPA Africa Asset-Co. The company, set up by Distributed Power Africa (DPA), will provide 175 MW of solar power in some of its markets in Africa over the next four years. The subsidiary of Econet Wireless, a major Zimbabwean telecommunications company with interests on five continents, has just signed a financing agreement with Royal Bafokeng Holdings (RBH). Under the partnership, the African community investment company will take a $20 million equity stake in DPA Africa Asset-Co, representing 60% of the shares.
