Kenyan firms producing off-grid power can now access capital from a new Sh10.3 billion fund that is being set up by the African Development Bank (AfDB) and a group of international financial investors.
The fund, known as the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), is set to provide local and hard currency loans to off-grid energy companies that specialise in producing clean electricity, focusing initially on East and West Africa.
