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Paris, 6 November 2025 – The AFRIGREEN Debt Impact Fund, managed by RGREEN INVEST and advised by ECHOSYS INVEST, announces a \u20ac15 million secured senior financing facility to SolarX Limited, a company founded by Karim Ghammach\u00e9 and supported by E3 Capital, FMO and Proparco. This financing aims to accelerate the deployment of solar photovoltaic solutions for commercial and industrial (C&I) customers in West Africa.\u00a0\u00a0<\/strong><\/strong><\/p>\n The facility, structured around one short-term and one long-term credit line, will allow the refinancing of existing assets and the construction of new power plants. The target portfolio covers 23 projects across Mali, C\u00f4te d’Ivoire, Senegal, and Burkina Faso, with a total capacity of approximately 5.7 MW. The solar plants will power companies in key sectors, such as agri-food (NBB), packaging (Filtisac), telecommunications (Orange), hotels (Azala\u00ef), and cosmetics (COPACI), in reducing their energy costs and dependence on fossil fuels. In total, these projects will prevent 2,772 tonnes of CO\u2082 and more than 227,000 litres of fuel oil being consumed each year, while ensuring more reliable and competitive energy for their users.<\/span>\u00a0<\/span><\/p>\n This marks the fund\u2019s seventh transaction, reflecting its support for players<\/span> capable of deploying competitive and sustainable solar projects for the commercial and industrial (C&I) segment, such as SolarX. Thanks to its local presence and operational expertise in four West African markets, SolarX contributes directly to the energy transition of companies in the region.<\/span>\u00a0<\/span><\/p>\n Karim Ghammach\u00e9, CEO & Founder of SolarX<\/span><\/b>, comments: “<\/span>The demand for green energy is growing in West Africa as the market is becoming more mature. This partnership with Afrigreen and Echosys allows us to enhance our competitiveness and flexibility relative to our competitors. We are very happy to be working with a debt partner who understands our business perfectly. With this funding, SolarX intends to strengthen its leadership position and offer even more innovative solutions and high-quality service to its customers<\/span><\/i>.”\u00a0 \u00a0\u00a0<\/span><\/p>\n<\/blockquote>\n Olivier Leruste, Co-founder & Managing Partner of Echosys<\/span><\/b>, adds: <\/span>“SolarX is one of the few players truly established in four West African markets, with strong local teams and in-depth understanding of the industrial and commercial landscape. This financing will enable SolarX to accelerate the development of its C&I project portfolio and strengthen the energy competitiveness of its customers. \u00bb<\/span><\/i>\u00a0<\/span><\/p>\n<\/blockquote>\n AFRIGREEN’s legal advice was provided by Bird & Bird.<\/span>\u00a0<\/span><\/p>\n [\/et_pb_text][et_pb_button button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9hdHRhY2htZW50Iiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjY0MTQifX0=@” url_new_window=”on” button_text=”Download the PDF” _builder_version=”4.27.4″ _dynamic_attributes=”button_url” _module_preset=”default” custom_button=”on” button_text_size=”18px” button_text_color=”#FFFFFF” button_bg_color=”#162659″ button_border_radius=”42px” button_use_icon=”off” custom_margin=”50px||||false|false” custom_padding=”|40px||40px|false|true” custom_padding_tablet=”|40px||40px|false|true” custom_padding_phone=”|20px||20px|false|true” custom_padding_last_edited=”on|phone” global_colors_info=”{}” button_text_color__hover_enabled=”on|hover” button_text_color__hover=”#162659″ button_bg_color__hover_enabled=”on|hover” button_bg_color__hover=”#FFFFFF” button_bg_enable_color__hover=”on” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Paris, 6 November 2025 – The AFRIGREEN Debt Impact Fund, managed by RGREEN INVEST and advised by ECHOSYS INVEST, announces a \u20ac15 million secured senior financing facility to SolarX Limited, a company founded by Karim Ghammach\u00e9 and supported by E3 Capital, FMO and Proparco. This financing aims to accelerate the deployment of solar photovoltaic solutions […]<\/p>\n","protected":false},"author":10,"featured_media":3750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[44,45],"tags":[],"annees":[],"sp_smart_badges":[],"class_list":["post-6406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases"],"yoast_head":"\n\n
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