PROJECT

Projects

Summary of Investment Information

Project Number

46932

Company Name

AFRIGREEN DEBT IMPACT FUND SLP

Date SPI Disclosed

Oct 28, 2022

Country

Western Africa Region

Region

Africa

Projected Board Date

Dec 7, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Apr 12, 2023

Department

Regional Industry - INF Africa

Industry

other

Previous Events

Approved : Dec 7, 2022
Signed : Feb 23, 2023
Invested : Apr 6, 2023

Sector

Infrastructure Fund

Additional Project Attributes

Blended Finance

Project Description

Afrigreen Debt Impact Fund (the “Fund” or “Afrigreen”) is an infrastructure senior debt fund offering financing solutions to implement small to medium on-and off-grid solar power plants, mostly to Commercial & Industrial (“C&I”) consumers in West and Central Africa (“W&C Africa”). The Fund will have a target cap size of EUR100.0 million with a hard cap at EUR125.0 million, and a maturity of 10 years. The Fund will invest in EUR, USD, and when relevant in local currency (in Nigeria and Ghana)

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation