At the ongoing #AfricaEnergySummit2025, African Guarantee Fund has announced the launch of the #Mission300 Local Currency Guarantee Facility—an initiative that seeks to mobilize USD 5 billion for energy access projects across Africa. This facility aims to support small and medium-sized enterprises (SMEs) in the Distributed Renewable Energy (DRE) sector.

Key highlights of the facility include:

💵Supporting local currency financing: Addressing currency mismatches and high collateral requirements, thereby boosting the confidence of financial institutions to lend to DRE projects.
♻️Driving green energy investments: Building on AGF’s success with the Green Guarantee Facility, which has mobilized financing for renewable energy projects and promoted electrification in rural and peri-urban areas.
⚖️Strengthening financial inclusion: De-risking SME lending and fostering public-private partnerships to accelerate Africa’s energy transition.

AGF’s leadership in leveraging guarantees and capacity-building programs underscores its commitment to advancing Africa’s energy transformation while reducing carbon emissions and enhancing climate resilience.

The new facility will play a critical role in the broader Mission 300 initiative led by the @AfDB_Group  the @WorldBank to provide electricity to 300 million Africans by 2030.

#Mission300 #EnergyAccess #GreenFinance #Sustainability #GreenGuarantee #AfricaEnergySummit

Read more:
#AfricaEnergySummit2025 #Mission300