Bboxx Africa Ltd., operating under the PEG brand in West Africa, supplies households with access to clean and reliable energy. As of the March 2019 investment, the company had reached more than 60,000 predominantly rural, low-income households, equating to roughly 300,000 beneficiaries. With fresh working-capital support, it intends to extend service to an additional 200,000 households over the subsequent four years. The firm is executing a Gender Action Plan, launched in 2017, that promotes gender-sensitive hiring, flexible working hours and paternity-leave uptake. Its expansion strategy spans Ghana, Cote d'Ivoire and Senegal, markets that require local-currency financing to scale effectively. Financially, Bboxx Africa obtained a $15.49 million local-currency debt facility from British International Investment (BII) to fuel this growth. The transaction is fully qualified under the G7 2X Challenge, underscoring a focus on empowering women. This capital positions the company to deepen market penetration while maintaining a strong social-impact mandate across West Africa.

Total raised

$125M

Funding rounds

8

Latest round

Series D

Latest activity

Aug 2019