As dusk settled over Cape Town and energy leaders gathered beneath the shadow of Africa’s persistent electricity deficit, a coalition of global development institutions, philanthropies and private investors unveiled a $176 million fund aimed at lighting homes, powering businesses and unlocking economic opportunity for millions across sub-Saharan Africa.
The launch of Zafiri marks a new chapter in the continent’s quest to bridge the energy access gap, bringing long-term capital to communities that have remained beyond the reach of traditional power grids. It is expected to provide long-term equity financing to distributed renewable energy companies operating in underserved communities beyond the reach of traditional electricity grids.
Managed by Inspired Evolution, an African climate investment firm, Zafiri is designed to address one of the most persistent challenges facing the continent’s off-grid energy sector: limited access to patient, long-term capital needed to scale operations and attract additional financing.
Founding shareholders include the International
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