NAIROBI, KENYA 13 October 2022 – Open Capital is proud to announce that it will be supporting the Nordic Development Fund (NDF) in implementing the Energy and Environment Partnership Trust Fund (EEP Africa), a clean energy financing facility.
Open Capital together with SNV was awarded the contract to provide program strategy, business development support, and investment facilitation services to support the implementation of the fund’s activities.
EEP Africa provides early-stage grants and catalytic financing to innovative clean energy projects, technologies, and business models in 15 countries across Southern and Eastern Africa. Project financing is supplemented by business development support services, investment facilitation, knowledge management, and partnerships.
The EEP Africa Trust Fund is headed by a fund management unit at NDF based in Helsinki, Finland. The implementation support partners, SNV and Open Capital collaborate closely with NDF across all EEP Africa activities, providing thematic expertise and regional presence. As the host and fund manager, NDF assumes overall responsibility for the management, administration, and performance of the programme throughout its life. NDF has managed EEP Africa since it was transformed into a Trust Fund in 2018.
Since its inception in 2010, EEP Africa has facilitated 5.1 million people with enhanced energy access and created over 9,000 jobs while mitigating 1.5 million tons of CO2 emissions.
The Energy and Environment Partnership Trust Fund (EEP Africa) is a clean energy financing facility hosted and managed by the Nordic Development Fund (NDF) with funding from Austria, Finland, Iceland, NDF, and Switzerland. It is guided by a vision for a climate-resilient, zero-carbon future to contribute to the achievement of the Paris Agreement on climate change and Sustainable Development Goals (SDGs).
SNV is a not-for-profit international development organiation that makes a lasting difference in the lives of people living in poverty by helping them raise incomes and access basic services. We focus on three sectors – agriculture, energy, and water, and have a long-term, local presence in 24 countries in Asia, Africa, and Latin America. Our team of approximately 1,300 people is the backbone of SNV.
To learn more about Open Capital, please email contact@opencapital.com
