Sustainable Energy Fund for Africa Fully Operational in 2012
January 2012 will see the operational inception of the Sustainable Energy Fund for Africa (SEFA), with a call for proposals for up to a total of USD 8 million to be granted as seed funding for innovative small/medium-scale clean energy and energy efficiency projects in Africa. With financing from the Danish government, SEFA is a vehicle to enhance the commercial viability, as well as bankability, of smaller, private sector-driven projects.
The seed funding window will provide grants of up to USD 1 million to cover up-front development costs, from pre-feasibility studies and PPP preparation to assistance in achieving financial close. A second financing window providing equity investments will be introduced in the second half of 2012 to address the lack of access to start-up and growth capital for SMEs, as well as the limited managerial and technical capability of small/medium-scale entrepreneurs.