CIPA continues to deliver as a reputable partner for investors and businesses raising funds in Africa. Some of our highlights in this endeavor within the last few years, has been our support on the Energy Entrepreneurs Growth Fund’s investment in off-grid and C&I solar energy businesses.
The Energy Entrepreneurs Growth Fund (EEGF) a $120million fund initiated in 2019 by Shell Foundation and FMO, provides catalytic financing for early- and growth-stage companies in Sub-Saharan Africa operating in the access to energy ecosystem. EEGF intends to accelerate the achievement of Sustainable Development Goal 7, which aims to “Ensure access to affordable, reliable, sustainable and modern energy for all” by 2030.
The EEGF engaged in several deals, including a $3.7mn investment in Redavia, provider of solar energy solutions to commercial and industrial businesses in Sub-Saharan. With a proven track record in cost-effective, reliable and clean energy, Redavia is committed to using solar energy as a key driver for sustainable development.
CIPA’s reliable team with extensive experience and a wide network remain a formidable force in providing excellent services for both sides of the investment table. For investors looking for pre-deal services on African markets or businesses and for companies sourcing funds to accelerate their operations, CIPA is the number choice for successful execution of goals.