According to records obtained by Blacklock’s Reporter, the federal government gave M-Kopa Solar an investment of $12.8 million in 2018. M-Kopa is a direct sales company that sells cell-phones and solar appliances door-to-door in rural Africa.
Just two days after the government made the deal public, M-Kopa laid off 150 staff. In the two years since the deal was finalized, M-Kopa has reported a net loss of $51 million.
