Barcelona — French utilities company ENGIE has agreed to acquire Uganda-based Fenix International, a provider of solar home systems in Africa, in a deal the two firms said would help boost access to electricity on the continent.
About 600 million Africans still live without electric power. But that can be cut to zero by extending national grids, building local micro-grids and installing solar home systems, the companies said on Thursday in a statement about the first-of-its-kind transaction.
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