FMO signs US$598k convertible note to ZIZ Energie to improve green energy access

CHAD – FMO, a Dutch Entrepreneurial Development Bank, has signed an €500,000 (US$598,280) convertible note through its Ventures Program to ZIZ Energie (ZIZ), a privately-owned integrated power company in Chad. The investment is part of a €2 million (US$2.39m) convertible round in a co-investment with Energy Access Ventures (EAV) and marks the start of a larger investment round that aims to allow ZIZ to scale its operations and improve green energy access to households and smaller businesses in secondary towns across the country. ZIZ was established in 2006 by Chadian…

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