AfricaGoGreen Fund receives $31.5m to promote private sector efficiency investments

Development finance institution the African Development Bank (AfDB) and its Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20-million in the AfricaGoGreen Fund (AGGF) debt fund, which was established to promote private investments in energy-efficient technologies and business models, decarbonise African economies and accelerate the energy transition. This is in addition to the $11.5-million equity contribution approved by development finance institution the Nordic Development Fund (NDF).