fbpx

Debt

Debt

We publish here the relevant debt financing programs available 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.


 

 

 

 

 


 

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

Donor Countries: Netherlands, Sweden, Switzerland, United Kingdom

 

Description: EAIF provides long-term debt finance on commercial terms to finance the construction and development of private infrastructure.

 

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, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Réunion, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sub Saharan Africa, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe

On- or Off-Grid: Not Specified

 

Geography: Sub Saharan Africa (except Mauritius)

 

Eligibility: Project promoters can be wholly owned in Africa, joint ventures with other African or non-African businesses, or international businesses expanding in Africa or entering African markets for the first time.

 

More info:

        Visit Website >>

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

Donor: Swedish Export Credit Corporation (SEK)

Donor Countries: Sweden

 

Description: Swedish export credit to buyers of Swedish capital goods and services. Commercial loans to buyers of Swedish capital goods and services. Discounting of trade receivables, often guaranteed by EKN to reduce credit risk.

 

Location: Other

On- or Off-Grid: Not Specified

 

Geography: Established exporters and credit-worthy buyers who are not on the international sanctions lists, including US.

 

Eligibility: Swedish interests must be involved. In cooperation with the bank.

 

More info:

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

Donor: Export-Import Bank of the United States (US EXIM)

Donor Countries: United States of America

 

Description: Long-term fixed rate financing to purchase U.S. capital equipment & services for creditworthy international buyers in both the private and public sector.

 

Location: Angola, Benin, Botswana, Burkina Faso, Cameroon, Cape Verde, 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, Réunion, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, South Africa, Sub Saharan Africa, Swaziland, Tanzania, Togo, Uganda, Western Sahara, Zambia, Zimbabwe

On- or Off-Grid: Both

 

Geography: EXIM Country Limitation Schedule

 

Eligibility: EXIM Bank finances only the U.S content. Must export U.S.-made products and/or services provided by U.S. workers

 

More info:

        Visit Website >>

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

Donor: World Bank (WB)

Donor Countries:  Multi-donor

 

Description: Development Policy Financing provides IBRD loan, IDA credit/grant and guarantee budget support to governments or a political subdivision for a program of policy and institutional actions to help achieve sustainable, shared growth and poverty reduction.

 

Location: Sub Saharan Africa

On- or Off-Grid: Not Specified

 

Geography: WB member countries

 

Eligibility: Approved as per WB process

 

More info:

        Visit Website >>

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

Donors: Development Bank of Southern Africa (DBSA)

Donor Countries: South Africa

 

Description: The DBSA provides funding, related products and services for commercially viable and sustainable projects in the energy sector, which contribute to economic development and regional integration.

 

Location: Sub Saharan Africa

On- or Off-Grid: Both

 

Eligibility: DBSA Approval process

 

More info:

        Visit Website >>

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

Donors: Climate Fund Managers (CFM), Dutch Development Bank (FMO), United States Agency for International Development (USAID)

Donor Countries:  Multi-donor, Netherlands, United States of America

 

Description: Climate Investor One (CIO) is a financing facility designed to support renewable projects through sequential stages of the project’s life. CIO provides technical, environmental and social due diligence together with development costs support at an early stage. It then finances a large part of construction costs with equity, removing the need for debt finance during construction. Finally, once the project is operational, CIO provides long term debt to deliver stability and optimized funding during the operational stage.

 

Location: Ghana, Kenya, Nigeria, Rwanda, Tanzania

On- or Off-Grid: Not Specified

 

Geography: Primarily low and lower-middle income countries. Initial, but not exclusive, focus on Kenya, Tanzania, Rwanda, Ghana, Nigeria.

 

Eligibility: CIO will finance up to 50% of the development and 75% of the construction costs subject to a cap of USD$5 million and USD$75 million, respectively

 

More info:

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

Donors: African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IDB), World Bank (WB)

Donor Countries: Cote d'Ivoire, European Union, Multi-donor

 

Description: CTF: Highly concessional resources to scale up the demonstration, deployment, and transfer of low carbon technologies in renewable energy, energy efficiency during the project development stage.

 

Location: Nigeria, South Africa

On- or Off-Grid: Both

 

More info:

        Visit Website >>

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

Donors: Agence Francaise de Developpement (AFD), Industrial Development Corporation (IDC)

Donor Countries: France, South Africa

 

Description: To provide finance to renewable energy and energy efficiency projects of smaller scale and manufacturing of green products in South Africa.

 

Location: South Africa

On- or Off-Grid: Both

 

Geography: South Africa

 

Eligibility: Solar and biomass; other technologies are considered on a case by case basis. Energy Efficiency (EE):

- A maximum of 200% increase in production capacity is allowed for expansion projects; and

- Greenfield operations are considered on a case by case basis.

AFD funds are blended at a leverage level of at most 50% funding from IDC; and no refinancing

 

More info:

        Visit Website >>

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

The Facility for Energy Inclusion (FEI) is debt financing facility for small-scale energy access projects - off-grid solar, small IPPs, captive installations and mini-grids. FEI is a $500m initiative capitalised by the African Development Bank, other development finance institutions and commercial investors. FEI will structure transactions, engage local capital markets, finance projects and companies, and accelerate access to clean energy across Africa.

Access to debt financing was identified as on of the major barriers to implementation and expansions in the off-grid, small scale RE and mini-grids segments of the energy markets. FEI was established to provide debt financing through two distinct windows:

  • FEI OGEF: Off-Grid Energy Access Fund providing consumer and corporate financing solutions to solar off-grid companies and the related ecosystem
  • FEI On-grid: On-Grid Fund offering flexible project and corporate finance solutions to RE projects of less than 25MW and mini-grids.

  

Further Information:

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

Africa50 is an infrastructure investment platform that contributes to Africa's growth by developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact.

 

Africa50's core value proposition provides:

  • Close relationships with African government shareholders and the AfDB, which are critically important in the infrastructure development and financing process.
  • Jurisdiction-specific risk mitigation through high-level public sector engagement.
  • Preferential access to deal-flow generated from project development activities and through ongoing dialogue with its government shareholders.
  • An experienced investment team with a demonstrated track record of deal making.
  • Access to competitive finance, including long-term debt from the AfDB and DFI community, as well as existing concessional funding.
  • International best-practice environmental, social and governance standards.

 

Further Information:

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

SUNREF provides solutions for the new energy and environmental transition by helping private actors in the South to seize its opportunities and encouraging local financial institutions to finance it.

 

Seizing the opportunities of the ecological transition

 

Environmental integration offers significant economic development potential: green growth provides a number of opportunities to companies through new markets, especially in the fields of:

  • Energy management
  • Sustainable natural resources management
  • Environmental protection

In developing countries, financing this green growth is a major challenge. Agence Française de Développement (AFD) contributes to this challenge in partnership with banks in the South.

 

SUNREF integrated approach

 

SUNREF’s innovation is based on the combination of a financial approach and a technical approach. The aim is to meet the demand of partner banks and project initiators:

  • The financial approach involves providing local partner banks with long-term loans (green credit lines). These loans can be allocated on favorable terms on the basis of certain criteria (maturity of green financing market, type of investment, target client base);
  • The technical approach aims to support and scale up the market for green investment financing by assisting banks in project financing and building the capacities of companies to implement strategies for an optimized use of energy and natural resources.

 

Further Information:

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

OFID is a pioneer of energy poverty alleviation and energy sits at the core of the organization’s strategic framework.  By taking a nexus approach to energy poverty – addressing energy alongside water and food security – the organization aims to ensure that policies across the three sectors are aligned.

Sustainable Development Goal (SDG) 7 calls for access to affordable, reliable, sustainable and modern energy for all. Energy is widely accepted as one of the most important catalysts for development. Without energy, it is impossible to provide healthcare and education, supply clean water, support food security and end hunger or ultimately eradicate poverty. Energy access is a true enabler and impacts all other SDGs.

 

Further Information:

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

GCPF mainly supplies financing to local financial institutions, which provide sub-loans for energy projects that benefit small and medium-sized businesses and private households in particular. GCPF also finances energy efficiency and renewable energy projects directly. Eligible projects cover different sectors and loan sizes.

Energy efficiency projects: Eligible projects must provide projected energy savings and/or CO2 emissions reductions of at least 20%

Renewable energy projects: Most commercially viable renewable energy generation technologies are eligible for financing, with the exception of bioliquid or biofuel production. GCPF targets renewable energy projects for the retail market, such as home solar systems, as well as small-scale renewable generation plants.

 

FINANCIAL INSTITUTIONS

GCPF funds local financial institutions that:

  • Are committed to building a green lending portfolio
  • Meet GCPF’s social and environmental standards

 

GCPF offers:

  • Dedicated funding in the form of senior or subordinated debt
  • Mid to long-term financing
  • Total facilities usually amounting to USD 10 million – USD 30 million, with flexible funding schedules
  • Financing of up to 49.9% of tier 1 capital and/or up to 25% of total assets

 

DIRECT INVESTMENTS

GCPF funds small scale projects (typically up to 30 MW) that:

  • Are in a late development stage or fully authorised
  • Comply with GCPF’s social and environmental management standards

 

GCPF offers:

  • Direct funding primarily in the form of senior debt
  • Maturities of up to 15 years
  • Typical deal size of between USD 5 million and USD 15 million.

 Further info:

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

Sub-Saharan Africa is a region of increased focus for OPIC and comprises more than one-quarter of the agency’s active portfolio. Africa is home not only to many of the world’s poorest countries, but also to many of the world’s fastest-growing economies, and presents both a great need for investment and a great opportunity for investors.

Impact investing is an increasingly important financial tool that seeks to leverage private capital to address the world’s critical development challenges. OPIC has long been a leader in impact investing, and uses its core development finance tools of project financing, political risk insurance, and capitalization of private equity funds to support impact investments. In fiscal year 2017 OPIC committed $1.7 billion to 52 deals to support impact investments.

OPIC provides financial products, such as loans and guaranties; political risk insurance; and support for investment funds, all of which help American businesses expand into emerging markets. By mobilizing private capital to help solve critical development challenges, OPIC advances U.S. foreign policy, and catalyzes revenues, jobs and growth opportunities both at home and abroad.

 

Electrify Africa

OPIC has long supported projects to bring electricity to underserved populations and supports several projects to advance the Power Africa initiative, including a run-of-river hydropower plant in Uganda, two power projects in Senegal, and multiple projects that are delivering off-grid power to remote populations.

 

 

More info:

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

 

Scaling innovative business models

With the Up-scaling programme, DEG finances investments of small and medium enterprises (SMEs) that intend to scale up innovative business models with high developmental impact. The program addresses companies whose financing needs lie somewhere between microfinancing and the traditional financing by commercial banks.

 

Target group

Eligible are early-stage SMEs which are registered in a developing country or emerging market. These may also be local subsidiaries of German or European companies. Preference is given to investments in Africa or India.

 

What DEG offers

DEG provides funding of 500.000 €, which constitutes a maximum of 50% of the total investment volume. Private sponsors must contribute a substantial share of equity (at least 25%). DEG’s funds must be repaid in the event of success of the investment (depending on pre-defined financial criteria such as cash flow, revenue or profit).

 

Conditions for funding

The program addresses companies that fulfill the following requirements:

  • The company employs an innovative and scalable business approach with a high developmental impact.
  • The company is operational and a pilot phase has already been completed including proof of concept with regards to technology and business model at local level.
  • The planned investment generates positive returns (as outlined by a comprehensive business plan and financial projections).
  • The company shows high growth potential owing to the size of the market and the target group.
  • The company has the management capacity, human resources and know-how to substantially scale their activities.

Interested companies may submit their proposals for funding through Up-scaling to DEG at any time. For this purpose please use the documents provided here.

 

Further information

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

SunFunder is a solar energy finance business with a mission to provide financing for solar assets in emerging economies, including inventory, working capital, construction, and structured finance loans. SunFunder is a well-positioned financial intermediary that has been operating since 2012.  

We offer borrowers a deep solar market expertise, an efficient due diligence process and strong customer partnerships, while simultaneously providing investors with diversified, high-impact, fixed income debt offerings of emerging market solar investments.

 

Further Information:

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

The African Power Platform (APP) is supporting the IRENA/ADFD Project Facility, funded by the Abu Dhabi Fund for Development (ADFD) and with 7th Cycle Call for Proposals now accepting registrations. USD 5 million to USD 15 million in concessional loans is available at 1% or 2% loan rates, to cover up to half of the total project costs.

Eligibility:

  • Country: Members of IRENA, Signatories of the Statute, or States-in-Accession, that are developing countries on the OECD “DAC List of ODA Recipients”. Preference will be given to IRENA Member countries. Download the eligible country list.
  • Renewable Energy Technology: Projects should deploy “tried and tested” renewable energy: bioenergy (for example biogas, biomass and waste to energy), geothermal energy (projects beyond exploratory drilling stage), hydropower, ocean energy (including inter alia tidal, wave and ocean), solar energy, wind energy and/or hybrid technologies.
  • Project Stage:
    • Projects must be beyond feasibility study stage and pre-implementation stage, but prior to tendering, procurement and execution at point of selection.
    • Projects must provide a full feasibility study including an economic analysis at the Full Project Proposal stage.
  • Government Support: Applications can be submitted by governmental, semi-governmental, private or non-governmental entities but must have the support of, and must be prioritised by the government of the country where the project is to be implemented.

Key Dates:

  • Application opens: 12th November 2018
  • Submission deadline: 14th February 2019

Please go through full details on the IRENA/ADFD Project Facility website. If you have an eligible project and think you can do it on your own, you can apply to the fund directly.

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 


 

What we do

The Emerging Africa Infrastructure Fund (EAIF) provides long-term debt on commercial terms to private sector companies building or expanding infrastructure in Africa.

Applying for Funding

The loan review and evaluation process is carried out by EAIF’s manager, Investec Asset Management (IAM).

To apply for funding please contact us: This email address is being protected from spambots. You need JavaScript enabled to view it.

If you’re interested in making a loan application please give us as much information as possible at the earliest possible stage. The better the information provided the quicker a decision can be made.

Loan application and approvals procedures are thorough and efficient:

  • Initial project evaluation by IAM infrastructure and debt finance specialists.
  • Selected applications considered by EAIF New Business Committee.
  • Approved in principle projects go through full due-diligence by IAM.
  • IAM negotiates terms and conditions.
  • Final approval rests with EAIF Credit Committee and Board.
  • Leading to legal agreements and transaction closure.
  • Funds transferred when all agreed conditions met.

More info:

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it..

Feel free to pass this information to interested parties.

 

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

Search