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Swedfund has announced a $20 million loan to the Africa Go Green Fund. The pan-African fund provides debt financing to businesses and projects that reduce greenhouse gas emissions, including industrial energy efficiency, green buildings, clean transport and green appliances. The Africa Go Green Fund is managed by Cygnum Capital.
“Energy efficiency is one of the most practical ways to reduce emissions while lowering costs. Through this investment, Swedfund will support companies providing solutions that people use in everyday life, from cleaner cooking to more energy efficient housing and transport,” says Gunilla Nilsson, investment director and head of energy and climate at Swedfund.
The Africa Go Green Fund has already financed close to 30 projects across 17 countries in Africa and is expanding its lending activities to reach more companies providing energy efficiency solutions.
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