AfDB, partners invest US$55m in Off-Grid Energy Access Fund

The African Development Bank (AfDB) and various partners have invested a total of US$55 million in the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), which brings the fund closer to its first close target. FEI OGEF is a US$100 million blended finance debt fund designed to provide loans in local and hard currencies to off-grid energy companies …