CTIF Mobisol Coinvest (IFC-38784)

  • Tanzania
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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.
Voting Date
Nov 11, 2016
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.
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
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.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Oct 11, 2016

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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


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