AFRIGREEN Debt Impact Fund is a €100 million long-term, senior debt fund dedicated to renewable energy projects in Africa

ECHOSYS INVEST was specifically created for the purpose of structuring and managing the AFRIGREEN investment strategy.

Serving as fund advisor, this dedicated entity focuses on Africa’s energy transition and is owned 50/50 by ECHOSYS ADVISORY and RGREEN INVEST.

AFRIGREEN Debt Impact Fund

AFRIGREEN provides direct lending and asset-based debt facilities for regional and international developers as well as African commercial and industrial companies to develop energy infrastructure across Africa, with a particular focus on West and Central Africa. Eligible technologies cover solar, biomass, wind, electricity storage, and hybrid projects.

AFRIGREEN offers long-term USD and EUR financing as well as local currency financing in Ghana and Nigeria with support from the International Development Association’s Private Sector Window Local Currency Facility.

The purpose of AFRIGREEN is twofold: first, to support African SMEs and SMIs in cutting down their energy bill as well as their fossil fuel dependency; second, to facilitate the transition to green energy by increasing the penetration of renewable energy in Africa.

AFRIGREEN is classified article 9 under the SFDR. It will contribute to the achievement of the Sustainable Development Goals 7 (Clean and Affordable Energy), 9 (Industry and Infrastructure), 12 (Responsible Consumption and Production) and 13 (Action on Climate Change) set by the United Nations.

The Fund also applies IFC Performance Standards and EIB Environmental and Social Standards that require the Fund to monitor its environmental and social impact by screening, categorizing, and conducting environmental and social due diligence on its investments.

Echosys picto Investors

AFRIGREEN is a French limited partnership funded by the European Investment Bank (EIB), the International Finance Corporation (IFC), the Belgian Investment Company for Developing Countries (BIO Invest), PROPARCO (Groupe Agence Française de Développement), Société Générale and BNP Paribas.