AfDB approves US$50 million investment for Facility for Energy Inclusion (FEI) fund

AfDB approves US$50 million investment for Facility for Energy Inclusion (FEI) fund

The African Development Bank (AfDB) has announced it has approved a financing package of US$100 million, comprising US$50 million equity and US$50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.

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