from ARNOLD MULENGA in Lusaka, Zambia
Zambia Bureau
LUSAKA, (CAJ News) – CANADA’S Solar Panda Corporation has marked a milestone in its pan-African growth strategy through an expansion to Zambia.
This acquisition of Vitalite, a leading off-grid solar provider in Zambia, enhances its position as a regional leader in clean energy access.
The acquisition expands Solar Panda’s operational footprint into Southern Africa, adding over 100 000 customers to its portfolio and strengthening its vertically integrated supply chain.
With Vitalite’s established presence and experienced team, the combined entity is poised to scale rapidly in Zambia.
Vitalite Group Limited (Malawi) is not part of this transaction and will continue to operate independently.
“This acquisition represents a strategic leap forward for Solar Panda,” said Andy Keith, Founder and Chief Executive Officer of Solar Panda.
He said Vitalite brought a strong brand, an experienced local team and a deep understanding of the Zambian market.
“By joining forces, we will build upon the foundation that Vitalite has created, introduce Solar Panda’s exceptional products and rapidly grow operations to accelerate our shared mission to deliver clean, affordable energy to more Zambian households.”
Since 2013, Vitalite has built a solid customer-focused operational base committed to increasing rural electrification through solar energy.
John Fay, Vitalite Zambia Board Chair, said, “Partnering with Solar Panda provides the capital, infrastructure, products and strategic support we need to reach scale faster and deepen our impact.”
Zambia will be Solar Panda’s third operating country, adding to its recently announced expansion into Senegal and its existing operations in Kenya.
– CAJ News