Investment vehicle Zafiri launches with $176m to support African distributed renewables firms

A new investment vehicle dedicated to deploying long-term equity into distributed renewable energy businesses across sub-Saharan Africa has been launched with initial committed capital of $176-million. Known as Zafiri, the blended-finance vehicle is a flagship programme under the broader Mission 300 initiative, which has been created with the objective of expanding electricity access to 300-million people in the region by 2030.