NDF - Financing for climate change and development projects

EEP Africa Trust Fund 2018 Annual Report

27.06.2019

EEP Africa's first Annual Report since its transition to a multi-donor fund hosted by the Nordic Development Fund (NDF) is now published. The report highlights the new project portfolio and plans for the future, while also showcasing EEP Africa’s cumulative achievements since 2010

"In 2018, NDF proudly took on the legacy and future direction of EEP Africa, expanding our commitment to the clean energy and green growth transition in Africa. We will continue to build on the strong foundation of success inherited from Finland as the founding donor." Says Leena Klossner, Vice President, Acting Managing Director, NDF.

During 2018, EEP Africa introduced new financing instruments and an enhanced results focus on the Sustainable Development Goals. An extraordinarily successful Call for Proposals resulted in 28 new projects approved for financing with a total portfolio size of EUR 14 million. Investor Forums were held in Cape Town and Nairobi. A Knowledge Exchange Forum was held in Kigali and an in-depth study on Opportunities and Challenges in the Mini-grid Sector in Africa was produced.

Since 2010, EEP Africa has channeled more than EUR 70 million to 250 pioneering projects. These projects have created over 8,000 jobs, improved clean energy access for 5 million people, and reduced or avoided 1.4 million tonnes of CO2e. EEP Africa is hosted and managed by NDF with funding from Finland, Austria and NDF.

Read the EEP Africa Trust Fund 2018 Annual Report here.

More information: