“This marks a great milestone,” said chief executive Lyndsay Handler, who added that the company’s ReadyPay Solar Power System “is now providing power for clean, bright lights, phone charging, satellite TV and more to over 150,000 people in off-grid households”.
“The impact on our customers and their communities is transformational: household income is boosted; families are safe from dangerous and polluting kerosene; children can complete homework after darkness falls.”
Around 12 million Zambians live without access to the electrical grid, accounting for 75 per cent of the population. This rises to 95 per cent of rural residents, with people living off-grid primarily relying on candles, kerosene, and batteries.
After establishing a base in Uganda, Fenix expanded to Zambia in exclusive partnership with MTN Zambia, part of Africa’s largest telecom. Fenix customers use MTN Mobile Money to finance their solar systems, while MTN’s brand and distribution network helps Fenix to quickly scale across the country.
Moses Phiri, Head of Mobile Money, MTN Zambia, said the pay-as-you-go facility “is rapidly growing and changing the lives of so many people in so many ways. We are excited by Fenix’s results in such a short period of time and looking forward to the months ahead as they continue to scale across the country alongside our Mobile Money offering”.
Fenix, a wholly-owned subsidiary of France’s ENGIE, is the only pay-go energy company which is part of a global utility.