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IFC Puts €27 M into WeLight, Fueling 1,000 African Mini-Grids

6/26/2026

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Summary

Story summary

IFC invested €27 million (about $30 million) to join WeLight’s shareholders.
The capital backs WeLight’s 190 solar mini-grids that serve over 800,000 people daily.
WeLight will expand into Nigeria and the Democratic Republic of Congo and strengthen operations in Madagascar and Mali.
It targets more than 1,000 mini-grids by 2030 to power about 10 million people, supporting the World Bank Group and African Development Bank’s Mission 300 initiative.

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Story summary

IFC invested €27 million (about $30 million) to join WeLight’s shareholders.
The capital backs WeLight’s 190 solar mini-grids that serve over 800,000 people daily.
WeLight will expand into Nigeria and the Democratic Republic of Congo and strengthen operations in Madagascar and Mali.
It targets more than 1,000 mini-grids by 2030 to power about 10 million people, supporting the World Bank Group and African Development Bank’s Mission 300 initiative.