Bloomberg Invests $5 Million in Solar-powered Lamps for Africa


Former New York City Mayor, Michael Bloomberg of Bloomberg Philanthropies, announced a $5 million investment in Little Sun, the creators of a little yellow solar-powered lamp that is more affordable than costly kerosene.

Co-founded by a Danish artist and an engineer, Little Sun works with local entrepreneurs to sell its lamps at affordable prices. The company runs as a social business, engaged in solving social problems than maximizing profits.

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