Shell Foundation and FMO collaborate to help achieve clean energy access in Sub-Saharan Africa

AFRICA – Shell Foundation, a UK-registered charity, together with FMO, the Dutch entrepreneurial development bank, announced the launch of the US$120 million Energy Entrepreneurs Growth Fund (EEGF), with an initial close of US$45 million.  The Growth Fund will be providing catalytic financing for growth stage companies in Sub-Saharan Africa (SSA) operating in the access to energy ecosystem. Triple Jump, an Amsterdam based leading impact-focused investment manager, will act as a portfolio manager and Persistent while a Zurich based venture and private equity firm with expertise in the off-grid sector, will…

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