FEI secures US$24m from KfW to meet the rising demand for energy across Africa

AFRICA – The Facility for Energy Inclusion (FEI), a debt financing facility for small-scale energy access projects has received a further US$24 million subscription by KfW, a German state-owned development bank. With this additional allocation, KFW on behalf of the German Ministry for Economic Cooperation and Development (BMZ) has now committed a total of US$52 million to FEI, bringing FEI’s total equity based to ca US$145 million and the total potential Fund size to just under US$400 million. FEI has now reached Final Close of its equity. The commitment by…

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