Energy+ secures funding from VentureBuilder, USADF, Cordaid to boost electricity penetration in Mali

MALI —Energy+, a Malian-owned and -managed off-grid solar company has secured funding that amounts to more that US$1 million from a consortium of financing partners led by VentureBuilders to boost electricity penetration in Mali. The funding, according to Energy+ includes equity and fully funded enterprise development services (EDS) from VentureBuilder, which led the round. Energy+ further noted that the funding for its energy program was also comprised of a debt from Cordaid Investment Management (Cordaid), and grant financing from the United States African Development Foundation (USADF). Mali is one of…

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