Nithio secures €10m investment from IFU

Nithio, an energy finance company, has received a €10 million investment from the Danish Investment Fund for Developing Countries (IFU).

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Nithio, an energy finance company, has received a €10 million investment from the Danish Investment Fund for Developing Countries (IFU). The investment will be directed towards Nithio’s FAIR (Facility for Adaptation, Inclusion, and Resilience), an initiative designed to finance clean energy solutions for households and small enterprises in Africa.

IFU’s investment will help close the financing gap and enable Nithio to accelerate its investments into companies that provide solar home systems and solar power appliances for productive use to households and small enterprises.

“There is a tremendous need for enabling access to clean energy that can assist underserved households and businesses in Africa to become more resilient to climate change and to provide them with opportunities for better living conditions without further increasing greenhouse gas emissions. This is what Nithio is doing, and we are very proud to support their effort,” said Henrik Henriksen, investment director at IFU.

“Nithio is proud to partner with IFU, an organisation that is strongly aligned with Nithio’s mission to build climate resilience through clean energy access in Africa in areas most impacted by climate change,” said Kate Steel, Nithio co-founder and CEO.

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