Solar: WeLight eyes the Togolese market

Wednesday, 15 January 2020 13:55
Solar: WeLight eyes the Togolese market

(Togo First) - WeLight, the joint venture of Axian Group and Sagemcom, eyes three West African markets, in line with its expansion in sub-Saharan Africa. 

Indeed, the JV which invests in rural electrification could soon enter Togo, Burkina Faso, and Niger. 

For economy-scaling purposes, we wish to develop around 50 projects per country and we are currently considering Burkina Faso, Togo, and Niger,” says Laurent Roineau, deputy managing director of WeLight. 

The executive disclosed the information in a recent communiqué where the JV announces its partnership with Norfund, the Norwegian investment fund.

Let’s indicate that Axian Group currently operates in Togo via Togocom. Indeed, with Emerging Capital Partners, it is part of the Agou Holding which acquired from the Togolese State its 51% stake in the telecom operator. 

Apart from telecoms and energy, Axian also operates in real estate, finance, and the innovation sectors. 

Ayi Renaud Dossavi

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