AfDB-sponsored off-grid energy access fund reaches final equity close

AFRICA – The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached final equity close with US$59m in committed equity capital and US$36m debt facilities, to support innovative, off-grid energy access companies The final close was made possible through a US$15m equity contribution from the European Union (EU), and a further US$17m from KfW, acting on behalf of the German Federal Ministry of Economic Cooperation and Development (BMZ). Additionally, the EU is providing US$2m to fund a technical assistance facility, to enhance local currency financing. Other OGEF…

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