AfDB okays energy loans fund

THE African Development Bank (AfDB) has approved a US $30 million investment facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF) programme to provide loans to off-grid energy companies scaling up access to clean electricity for households.

The funding will also crowd in local financial institutions as co-lenders on the continent.

This follows the approval of additional investments of US $10 million from Calvert Impact Capital (CIC), US $8.5 million from the Global Environment Facility (GEF) and €6 million from the Nordic Development Fund (NDF).
This is contained in a statement posted on the AfDB website.
The FEI OGEF is a US $100-million blended finance debt fund designed to provide loans in local and…

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