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Africa’s Green Tech Financial Facility Nears

The Green Tech Financial Facility is close to fruition with a $825,000 grant from the joint initiative, the Sustainable Energy Fund for Afric

Solar Energy Africa

Solar Energy Africa

a (SEFA). With the help of the Danish government and the African Development Bank (AfDB), the grant will be monitored by a task team from the Bank’s private sector and the SEFA secretariat.

The AfDB said, “While Multilateral Development Banks (MDBs) have achieved some success leveraging private finance using a variety of instruments, mainly through Climate Investment Funds, these initiatives lack sufficient scale to meet global climate finance needs.” The funding vehicle will support increasing private capital flow, channeled to private sector-led projects that will help increase green projects throughout the continent.

From: Alternative Energy Africa

Source: http://ae-africa.com/read_article.php?NID=4204