Climate Changed
Star Rapper Akon Mulls IPO of Chinese-Funded African Solar Unit
- Company plans to expand in Africa, India, China and Brazil
- Akon Lighting raised $1 billion in credit lines from China
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Akon, the star rapper and renewable-energy entrepreneur, is considering an initial public offering of his Chinese-funded solar business in Africa to fuel an intercontinental expansion.
“That’s definitely a conversation we’ve had with the financial team on how to structure as we move forward,” Akon said in a telephone interview. “We’ve been moving at a really rapid pace.”