Africa: Kenya’s M-Kopa Turns Profit After a Decade of Expansion Across Africa
TLDR Kenyan asset-financing startup M-KOPA has reported its first-ever profit after more than a decade of operations across Africa The Nairobi-based company posted a KES 1.2 billion ($9.2 million) profit in 2024, reversing a KES 3.2 billion ($24.7 million) loss in 2023 Founded in 2011 to provide solar home systems on credit, M-KOPA has since…