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In case you missed it, interesting developments in finance are afoot in Africa’s solar industry. For the first time, multilateral finance corporations are issuing green bonds to support the rollout of solar for businesses in Africa. In February, the IFC - International Finance Corporation and Social Investment Managers & Advisors (SIMA Funds) issued a $150 million green bond to support the development of rooftop solar energy for small and medium-sized enterprises. The fund will target manufacturing, services, education, healthcare, and agribusiness sectors and finance over 220 MW of solar energy and electricity storage projects. https://lnkd.in/dwxSQ_uW

AFRICA: a $150 million solar green bond for the productive use of electricity | Afrik 21

AFRICA: a $150 million solar green bond for the productive use of electricity | Afrik 21

https://www.afrik21.africa

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