We are delighted to announce African Trade Insurance Agency (ATI) – a pan-African institution that provides risk solutions to companies, investors, and lenders interested in doing business in Africa – are sponsoring the AIX: Nairobi meeting at Fairmont The Norfolk Hotel on 3-4 October.
KfW, the German Development Bank, and ATI launched the Regional Liquidity Support Facility (RLSF) instrument to support renewable energy projects in sub-Saharan Africa on the side lines of AIX: Power and Renewables 2017 meeting.
The facility is designed to provide a viable solution to one of the biggest challenges facing independent power producers (IPPs) operating in Africa, specifically the requirement to provide project lenders with a liquidity guarantee. The German Federal Ministry of Economic Cooperation and Development (BMZ) through KfW will provide funding of up to 32.9 million EUR to the facility, which aims to enable small-and mid-scale renewable energy projects in Africa to reach financial close by addressing liquidity requirements that lenders frequently require in order to fund such projects.
ATI announced in July 2018 that Uganda has become the first African country to de-risk small and medium scale renewables under the German and ATI-backed RLSF initiative. View more details.