Echosys Invest announces € 7.2m loan from AFRIGREEN to ODASCO in Morocco

October 11, 2024

ECHOSYS INVEST is thrilled to announce the closing of a € 7.2 million loan from AFRIGREEN DEBT IMPACT FUND to ODASCO in Morocco, to finance the solarisation of 1,500 telecom towers in the country.

AFRIGREEN is a leading investment fund managed by RGREEN INVEST and advised by ECHOSYS INVEST, focused on sustainable energy solutions and backed by prominent institutions including the European Investment Bank (EIB), the IFC – International Finance Corporation, BIO Belgian Investment Company for Developing Countries, FMO – Dutch entrepreneurial development bank, Proparco, Société Générale, and BNP Paribas.

This funding will enable ODASCO to construct solar power plants specifically designed to electrify the telecom towers of ORANGE MAROC, enhancing energy efficiency and sustainability in the telecommunications sector.

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