It will help expand access to affordable, reliable, and clean energy services, and enhance grid-tied installed renewable energy capacity in Africa, which can incite local companies to switch to renewable energy and thereby avoiding fossil fuel consumption. Through investments in resource efficiency, the Fund may also contribute to waste management, materials recycling, waste to energy, water treatment and limiting pollution.
At least 35% of commitments are expected to be in Least Developed Countries (LDCs), and geographically, the Fund is expected to allocate 40% to Southern Africa, 30% to Eastern Africa, and 30% to Western Africa.
SIFEM’s regional partner in this investment, Metier Sustainable Capital Private Equity International, is a leading private equity firm in Africa with three decades of experience. The overall size of the Fund is US$156mn.
Contact: Simon Denoth, SIFEM Head of Public Affairs, firstname.lastname@example.org, +41 31 310 09 38