Africa GreenCo Group, proponent of the Lab instrument Green Aggregation Tech Enterprise (GATE), recently announced the investment of USD 1.5 mn by Denmark’s Investment Fund for Developing Countries (IFU) and Private Infrastructure Development Group’s InfraCo Africa (InfraCo). This investment completes GreenCo’s operational establishment in Lusaka as an intermediary renewable energy buyer/supplier and power services provider and is a precursor to the 2021 capitalisation of our credit support for IPPs.

Read the full press release on Africa GreenCo’s website: Announcing the operationalisation of a new business model to scale up renewable energy in Zambia and subsequently other countries in Southern Africa.