Primary Industry
-
IndustryClimate Finance & Investment
-
Size2-10 employees
-
Company TypeVC, Capital & Finance Provider
AfricaGoGreen Fund (AGG) was initiated by KfW on behalf of the German government to promote private investments that mitigate or reduce the emission of Green House Gases (GHG). AGG was launched with €32 million and a Technical Assistance Facility of €3 million and anticipates growing to €150 million in the next 18 months, and will focus in particular on Compact with Africa countries in West Africa. The objective of the Fund is to spur additional GHG reductions by encouraging corporate and industrial entities, local financial institutions and other businesses which are developing and/or investing in eligible Energy Efficiency & Renewable Energy projects by providing medium and long-term debt, mezzanine financing, and guarantees as well as technical assistance aimed at maximizing learning-by-doing opportunities, facilitating deals and encouraging the long-term sustainability of the EE/RE market in the Target Region.
