Citi Client Casebook Middle East and Africa 2022

Environmental, Social and Governance (ESG) 9 Key Benefits • Supports d.light’s timely importing of inventory and payment to suppliers. • Allows for the expansion of the PayGo business into other markets in Africa. • Multi-sector partnership. In addition to enabling companies to scale and expand their impact, the partnership will help these ventures gain a wider array of mainstream financing options in the future. • Directly contributes to d.light’s plan to provide one billion people across the world with sustainable energy solutions by 2030. A key challenge for companies such as d.Light is raising finance. With no track record, funding is almost exclusively provided by international investors which poses complex structures and introduces tangible risks because of currency volatility against the dollar. We made use of our existing partnership with the US International Development Finance Corporation (DFC) and the Ford Foundation to structure a local currency facility which supports d.Light’s goal of positively impacting the lives of up to one billion people across the world by providing sustainable energy solutions by 2030.” Mwende Muvea Relationship Manager, Portfolio Lead — Digital Solutions, Digital Disruptors & Social Finance, Kenya, Citi