African Development Bank says it has received $20m investment from the Clean Technology Fund for the Facility for Energy Inclusion.
The bank, in a statement, said the Facility for Energy Inclusion (FEI) was sponsored by the AfDB to provide sustainable financing for small-scale renewables in Africa.
FEI is a $500m financing platform with the aim to catalyse financial support for innovative energy access solutions.
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The Director of Climate Change and Green Growth, AfDB, Anthony Nyong, says the funds would contribute to economic and social growth of Africa.
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