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.


 

 

 

 

 


 

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.

 

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: 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.

 

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: 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

 

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: 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

 

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), 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

 

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: 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

 

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: 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

 

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: 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

 

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: 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

 

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: 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

 

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: 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

 

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: 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

 

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: 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

 

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: 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.

 

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:  German Development Bank (Kreditanstalt für Wiederaufbau) (KfW), Private Investment Development Group (PIDG)

Donor Countries: Germany, Multi-donor

 

Description: Provides direct finance to infrastructure projects in emerging economies. The Fund is available to all private infrastructure projects originated by International Financial Institutions.

 

Location: Sub Saharan Africa

On- or Off-Grid: Not Specified

 

Geography: Sub Saharan Africa

 

Eligibility: The Fund is available to all (non-distressed) infrastructure projects originated by International Finance Institutions that cannot obtain commercial financing or re-finance existing loans as a consequence of the global financial crisis and the tightening of bank lending

 

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

Donor Countries: United States of America

 

Description: Debt financing to purchase U.S. capital equipment & services for financiers of foreign buyers.

 

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: On-Grid

 

Geography: EXIM Country Limitation Schedule

 

Eligibility: Must have: been in business for one year, at least one person working in the firm full time, positive net worth; 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: African Development Bank (AfDB)

Donor Countries:  Cote d'Ivoire

 

Description: AfDB capital for decentralized renewables for debt, in local currency. FEI will focus on providing senior and mezzanine debt to off-grid, mini-grid and small-scale Independent Power Producers (IPP). The Fund will provide hard and local currency financing.

 

Location: Sub Saharan Africa

On- or Off-Grid: Both

 

Geography: Sub Saharan Africa

 

Eligibility: Projects with total costs under USD$30 million.

 

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: Export Credit Norway

Donor Countries: Norway

 

Description: Loans to purchase goods and services from Norwegian exporters.

 

Location: Sub Saharan Africa

On- or Off-Grid: Not Specified

 

Geography: Sub Saharan Africa

 

Eligibility: Loans are priced on market terms and in compliance with the state subsidy rules. Comply with OECD Arrangement on Officially Supported Export Credits

 

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: Deutsche Bank, Green Climate Fund (GCF)

Donor Countries: Germany, Multi-donor

 

Description: Blended finance model, leveraging private capital and building capacity for lending to green ESCOs among local FIs in 8 SSA countries. The user would be local financial institutions lending to green energy supply companies.

 

Location: Benin, Kenya, Namibia, Nigeria, Tanzania

On- or Off-Grid: Both

 

Geography: Phase 1: Kenya, Rwanda, Tanzania, Uganda, Namibia, Zambia.

Phase 2: Any country active in sub-Saharan Africa.

 

Eligibility: First call for proposals closed May 2016

- second call for proposals - 4th quarter of 2016

Lend 5-10 year senior USD debt:

— Through local FIs to deliver capital to local energy supply companies in local currency; or

— Directly as syndicated project finance loans in parallel to local & regional (development) banks (no FX exposure

envisaged).

 

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: European Union (EU), United States Agency for International Development (USAID)

Donor Countries: European Union, United States of America

 

Description: ElectriFI was created as a financing scheme to bridge the gaps in structuring and financing, thus stimulating the private sector, and mobilizing financiers in the sector of energy development cooperation. It is a fund for renewable energy investments and energy efficiency with a focus on rural electrification. ElectriFI contribution per project is EUR 10.0 million (or equivalent local currency). Support can be made available in the forms of technical assistance, investment grants, interest rate subsidies, guarantees, debt, quasi-equity and equity. ElectriFI provides financial support primarily through risk capital. It does not provide grant funding, concessional loans or other low-cost capital.

 

Location: Sub Saharan Africa

On- or Off-Grid: Both

 

Geography: Sub Saharan Africa

 

Eligibility: Total budget above €0.5 million, early projects or pilot phase, own capital is expected to be in the scale of 15-50%

 

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