Sustainable Energy Fund for Africa secures nearly €50m in new commitments
The AfDB's Sustainable Energy Fund for Africa has attracted new investment commitments.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
The African Development Bank Group’s Sustainable Energy Fund for Africa (SEFA) has secured new investment commitments totalling nearly €50 million.
The commitments, made by the governments of Germany and Italy, were announced at a COP30 side event held at the Africa Pavilion on 14 November. Germany committed €14 million to support SEFA’s universal energy access goal, and €30 million for the new SEFA green hydrogen programme, reflecting the strategic importance of this emerging sector for Africa’s decarbonisation and industrial development. Italy also announced a new contribution of €5 million to the fund.
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe now