The African Development Bank (AfDB), the Nordic Development Fund, and other partners have committed $58 million to support the Off-Grid Energy Access Fund (OGEF). The fund is part of AfDB’s sponsored Facility for Energy Inclusion (FEI), a $500 million debt platform to mobilize capital market funds for innovative energy access strategies.
The first financial close, which took place on August 2, 2018, followed the official launch of FEI at the Africa Energy Market Place (AEMP). The initiative was presented to representatives of five African countries – Côte d’Ivoire, Ethiopia, Egypt, Nigeria and Zambia – as well as leaders from the private sector and development partner communities.
Source: MI
Financing for Development in Africa 