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Financing

Financing

We publish here the relevant financing programs for the power sector in Africa. Feel free to join our efforts and share us any other you may have found. We'd be glad to add them to the list. Just send an email to This email address is being protected from spambots. You need JavaScript enabled to view it.


 

 

 

 

 


 

WHAT WE LOOK FOR

Our portfolio companies may be based anywhere, but must have significant activity on the ground in Sub-Saharan Africa and must contribute to our important impact objective – bringing reliable electricity or its benefits to at least a million low-income people in rural and peri-urban areas.

We seek companies with technology or solutions that place them on the energy-access value-chain. This includes, but is by no means limited to, companies involved in solar home systems, mini-grids – both off-grid and grid-extensions – distribution of electricity access products, data management and novel financing techniques. EAV is technology agnostic and considers a wide array of energy sources and technologies (hydro, biomass, solar, wind, thermal, etc).

 

THE COMPANIES WE INVEST IN

 

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Blue Haven Initiative is an innovative family office dedicated to putting wealth to work for competitive returns and positive social and environmental change. Investing with high standards to maximize financial performance and public benefit, it manages a diversified investment portfolio across asset classes, from public equities and fixed-income holdings to private equity and direct investments.

 

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Treehouse Investments, is a privately owned investment fund dedicated to supporting long-term sustainable and scalable solutions that address some of the most critical global challenges.

We believe that the private sector is essential to addressing the pressing unmet market needs created by climate change, gender inequality, and uneven access to capital.  At Treehouse Investments we recognize that supporting transformational business models and strategies not only benefits the planet and us as its inhabitants, but also represents a significant market opportunity.  We expect that over the long term our investment approach will outperform those that focus on financial returns alone.

  

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DOB Equity is a family backed impact fund investing in socially responsible businesses across sectors in East Africa.

From the late nineties the family started pursuing social activities globally with a mission to combine entrepreneurship with impact, the foundation for what DOB is doing now. Over the years we have focused our strategy on investing equity in scalable and innovative companies that have the potential to impact the lives of low and middle income communities in East Africa.

  

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Village Capital finds, trains, and invests in entrepreneurs solving real-world problems. We build communities around entrepreneurs and their ventures to improve opportunities for growth and success.

The African continent is on the move. Africa is urbanizing, with 50% of Africans projected to live in cities by 2030. The continent will be disproportionately affected by the effects of climate change, resulting in unprecedented challenges of drought, disease, and food insecurity. And individuals, empowered through access to healthcare, education, and technology, are demanding government transparency like never before. African entrepreneurs have the opportunity to leverage these trends to solve major challenges across the continent.

Our world’s need for energy is one of the largest drivers of environmental and social pressures, including climate change, land and water use, social inclusion, and economic prosperity. Village Capital is supporting a sustainable energy transformation, where the world powers itself and makes tangible products from renewable and low-carbon sources. We invest in companies that solve energy challenges.

 

 

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Global Partnerships is an impact-first investor dedicated to expanding opportunity for people living in poverty. We make loans and early stage investments in social enterprises that deliver market-based products and services that empower people to earn a living and improve their lives.

 

Social Venture Fund (SVF)

The Global Partnerships/Eleos Social Venture Fund (SVF) is an impact-first fund investing in early-stage social enterprises to expand opportunity for people living in poverty in Eastern Africa. The fund was created to address the “pioneer gap” by supporting early stage social enterprises with a combination of investment capital and Board-level advisory support.

 

Social Investment Funds (SIF)

Global Partnerships’ Social Investment Funds make loans to social businesses such as microfinance institutions, agricultural cooperatives, and solar light manufacturers that provide people living in poverty with essential products and services.

 

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Donor: International Finance Corporation (IFC), Proparco

Donor Countries: France, Multi-donor

 

Description: €362 million fund with target Returns: 20-25% for equity, 15-20% for debt.

The IDF financing is available for:

- Long-term financing for large infrastructure projects (loans of up to €20 million – in euros, USD or local currencies).

- Minority shares in equity investments.

- Investments in dedicated infrastructure investment funds.

- Early stage equity for new project development are also an option.

 

Location: Sub Saharan Africa

On- or Off-Grid: Off-Grid

 

Geography: Sub Saharan Africa

 

Eligibility: The sectors served by the IDF are energy, transport, ports, agribusiness, water, environment and social infrastructure. The IDF is available to infrastructure projects that are positively impacting social-economic development and/or improvements in areas such as power, agribusiness, water, transport, and environment. To be eligible, a project must meet FMO’s standard criteria. Aside from financial-economic performance, projects are scrutinized in areas such as corporate governance, environmental impact and social policies to ensure the sustainability of the investment. IDF has a higher degree of risk acceptance than FMO's own funding. To assess eligibility, FMO reviews investment plans, market analyses, due diligence studies, expected returns and the commitment level of management and co-financiers.

 

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Donors: International Finance Corporation (IFC), ResponsAbility, Shell Foundation

Donor Countries: Multi-donor, Multinational, United Kingdom

 

Description: The company supplies debt/equity financing to non-listed firms in developing countries. Through their activities, these firms help to meet the basic needs of broad sections of the population and to drive economic development – leading to greater prosperity in the long term. Late development stage (i.e. major contracts should be signed or close to signing).

Focus on renewable energy sources: ResponsAbility can provide equity or debt financing to private companies that are active in the field of renewable energy generation – whether the power they produce is fed into the grid or used for captive consumption.

Investing in innovative business models: Financing is also available to companies that produce or distribute renewable energy products to domestic users, as well as to other companies with innovative business models along the value chain. Suppliers of energy-efficient appliances, as well as renewable energy mini-grids, may also qualify for investment.

Addressing the efficient use of energy: Increasing the efficiency of energy consumption can help to mitigate growthrelated increases in energy demand. ResponsAbility works through dedicated financing for the financial sector used to fund energy efficiency projects. ResponsAbility may also finance such projects directly (e.g. ESCO financing).

 

Location: Sub Saharan Africa

On- or Off-Grid: Off-Grid

 

Geography: Unknown

 

Eligibility: - The project must have reached a late development stage, i.e. major contracts should be signed or close to signing (e.g. PPA, EPC, and O&M)

- Equity sponsors should be identified and ready to invest or have already invested

- The project must classify as a Category B or Category C project under the IFC Performance Standards

- ResponsAbility does not compete with the local financial sector, i.e. projects must have a financing gap that cannot be filled locally

- ResponsAbility does not offer refinancing of already completed projects

The fund is complemented by a Technical Assistance Facility, which is supported by SECO.

 

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Donor: Overseas Private Investment Corporation (OPIC)

Donor Countries: United States of America

 

Description: Financing products for project developers & investors for projects in countries where commercial funding cannot be obtained via conventional lenders.

 

Location: Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe

On- or Off-Grid: Both

 

Geography: OPIC eligible countries.

 

Eligibility: Project must include the meaningful involvement of the U.S. private sector

 

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Donor: Overseas Private Investment Corporation (OPIC)

Donor Countries: United States of America

 

Description: OPIC provides support for the creation of privately-owned and managed investment funds. OPIC-supported funds help emerging economies access long-term growth capital, management skills, and financial expertise.

 

Location: Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Côte d'Ivoire, Democratic Republic of the Congo, Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe

On- or Off-Grid: Not Specified

 

Geography: OPIC eligible countries.

 

Eligibility: OPIC requires either that the fund manager or general partner be majority-owned by U.S. persons, or a percentage of the limited partner capital (typically, an amount equal to 25% of the OPIC financing) be provided by U.S. investors

 

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Donors: Agence Francaise de Developpement (AFD), European Union (EU)

Donor Countries:  European Union, France

 

Description: SUNREF provides an affordable line of credit together with project development technical assistance to help develop energy investments. Phase 2, SUNREF, comprises Technical Assistance (TA) and credit facilities to provide banks with the necessary long-term financing to overcome financial barriers met by project sponsors. This is open to companies needing to gain easier access to green finance and banks seeking to develop their green finance portfolios.

 

Location: Sub Saharan Africa

On- or Off-Grid: Both

 

Geography: Sub Saharan Africa

 

Eligibility: SUNREF Evaluation

 

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Donor: African Development Bank (AfDB)

Donor Countries: Cote d'Ivoire

 

Description: Loans to cover up to 1/3 of total project costs for project developers, investors, or public sector tenders.

 

Locations: Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Côte d'Ivoire, Democratic Republic of the Congo, Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe

On- or Off-Grid: On-Grid

 

Geography: AfDB Regional Member Countries

 

Eligibility: Applications approved at the discretion of the AfDB

 

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Donor: Agence Francaise de Developpement (AFD)

Donor Countries: France

 

Description: Proparco is a Development Financial Institution partly owned by Agence Française de Développement (AFD) and private stakeholders and provides debt, equity and guarantees for business and projects.

 

Location: Sub Saharan Africa

On- or Off-Grid: Both

 

Geography: Sub Saharan Africa

 

Eligibility: Subject to Proparco Investment Conditions and Procedures

 

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Donors: African Trade Insurance Agency (ATI), European Investment Bank (EIB), Overseas Private Investment Corporation (OPIC), UK Department of Energy and Climate Change (DECC), United Nations Environment Programme (UNEP)

Donor Countries: European Union, Kenya, United Kingdom, United States of America

 

Description: REPP works to bridge the gap between the Levelized Cost of Electricity (LCOE) and the prevailing tariff in each country, by tailoring a range of services to each project. These services include providing technical assistance to projects, facilitating access to existing risk mitigation instruments and long-term lending from REPP partners as well as providing results-based finance, for example, in the form of top-ups to existing tariffs, where appropriate.

 

Locations: Benin, Burkina Faso, Burundi, Côte d'Ivoire, Ethiopia, Ghana, Kenya, Liberia, Madagascar, Malawi, Mali, Mozambique, Nigeria, Rwanda, Senegal, Sierra Leone, Tanzania, Togo, Zimbabwe

On- or Off-Grid: Both

 

Geography: Benin, Burkina Faso, Burundi, Cote D'Ivoire, Ethiopia, Kenya, Ghana, Liberia, Madagascar, Malawi, Mali, Mozambique, Nigeria, Rwanda, Sierra Leone, Senegal, Togo, Tanzania, Zimbabwe

 

Eligibility: Private Sector Small - Medium scale RE Projects up to 25MW

 

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Donors: African Development Bank (AfDB), World Bank (WB)

Donor Countries: Cote d'Ivoire, Multi-donor

 

Description: SREP financing supports scaled-up deployment of renewable energy solutions to increase energy access and economic opportunities. Concessional financing has been set aside to be awarded on a competitive basis for private sector projects advancing the goals of the SREP.

 

Locations: Benin, Ethiopia, Ghana, Kenya, Lesotho, Madagascar, Malawi, Mali, Rwanda, Sierra Leone, Tanzania, Uganda, Zambia

On- or Off-Grid: Both

 

Geography: Benin, Ethiopia, Ghana, Kenya, Lesotho, Madagascar, Malawi, Mali, Rwanda, Sierra Leone, Tanzania, Uganda, Zambia

 

Eligibility: Not Specified

 

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Donor: World Bank (WB)

Donor Countries: Multi-donor

 

Description: Program-for-Results links disbursement of funds directly to the delivery of defined results, helping countries improve the design and implementation of their own development programs and achieve lasting results by strengthening institutions and building capacity.

 

Location: Sub Saharan Africa

On- or Off-Grid: Both

 

Geography: WB member countries

 

Eligibility: Approved as per WB process

 

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Donor: Japan International Cooperation Agency (JICA)

Donor Countries: Japan

 

Description: ODA loans support developing countries by providing low-interest, long-term and concessional funds to finance their development efforts.

 

Location: Sub Saharan Africa

On- or Off-Grid: Both

 

Geography: Sub Saharan Africa

 

Eligibility: JICA Criteria

 

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Donor: World Bank (WB)

Donor Countries: Multi-donor

 

Description: Investment Project Financing provides IBRD loan, IDA credit/grant and guarantee financing to governments for activities that create the physical/social infrastructure that will reduce poverty and create sustainable development.

 

Location: Sub Saharan Africa

On- or Off-Grid: Both

 

Geography: WB member countries

 

Eligibility: Approved as per WB process

 

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Donors: Austrian Development Agency (ADA), Department for International Development (DFID), Dutch Ministry of Foreign Affairs (DGIS), Swiss State Secretariat for Economic Affairs (SECO)

Donor Countries: Austria, Netherlands, Switzerland, United Kingdom

 

Description: InfraCo Africa is an infrastructure development facility, which has been designed to assume the risks and costs of early-stage project development in lower income countries in Africa. For Host governments and the private sector.

 

Location: Sub Saharan Africa

On- or Off-Grid: Not Specified

 

Geography: Sub Saharan Africa

 

Eligibility: We prioritize Least Developed Countries (LDCs), Other Low Income Countries (OLICs) and fragile or conflict-affected states

 

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Donor: Industrial Development Corporation (IDC)

Donor Countries: South Africa

 

Description: National development finance institution set up to promote economic growth and industrial development and offering funding for short term, medium term and long-term loans for South African companies and the rest of the continent.

 

Location: Sub Saharan Africa

On- or Off-Grid: Both

 

Geography: South Africa, and the rest of SSA

 

Eligibility: Security, the form and nature of which will relate to a project's specific circumstances; Compliance with international environmental standards; Shareholders are expected to make some financial contribution: the contribution of historically disadvantaged people under special circumstances may be lowered, in which case the IDC will be prepared to extend finance in excess of the owner’s contribution to the project must exhibit economic merit in terms of profitability and sustainability. The IDC does not refinance fixed assets, since our aim is to expand the industrial base.

 

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STRATEGIC PARTNERS

Spintelligent
SAAEA
Pennwell
ALER

MEDIA PARTNERS

Renewables Now

EVENT PARTNERS

Africa Energy Forum
Future Energy East Africa
Future Energy Nigeria
Electricx
POWER-GEN Africa
Africa Energy Indaba 2020

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