Energy Services Company AktivCo SAS secures US$70.89m multi-country facility

WEST AFRICA – The Facility for Energy Inclusion (FEI) has acted as lead arranger for a €60million (US$70.89m) multi-country facility for AktivCo SAS’ subsidiaries in Chad, Niger, Cameroon, Ivory Coast, and Burkina Faso. FEI will provide €27 million (US$31.90m) of the total amount and is being joined by Proparco which will provide €16 million (US$18.90m), Norfund €9 million (US$10.63m) and AfricaGoGreen which will provide €8 million (US$9.45m). AktivCo SAS is an Energy Services Company (ESCO) and fully owned subsidiary of Camusat Group, a global player for the roll-out of telecom…

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FEI signs MoU with ICD and IsDBG to establish a framework of cooperation

EGYPT – Federation of Egyptian Industries (FEI) has signed a Memorandum of Understanding (MoU) with the Islamic Corporation for the Development of the Private Sector (ICD) and the private sector arm of the Islamic Development Bank Group (IsDBG). The MoU is to establish a framework of cooperation between the two parties for the furtherance of their respective mandates in several areas of financing and investments. The MoU was signed by Mr. Ayman Amin Sejiny, CEO of ICD and Eng. Mohamed Zaki El Sewedy, Chairman of the Federation of Egyptian Industries.…

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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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