Project detail - ENERGY ACCESS VENTURES SAS

ENERGY ACCESS VENTURES SAS

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Who is our client

Our customer is Energy Access Ventures SAS (EAV), the advisor to Energy Access Ventures Fund. Energy Access Ventures Fund (“EAVF I” or “the Fund”) is an investment fund focused on providing (off grid) energy access and its benefits to the un(der)served in Sub-Saharan Africa. Energy Access Ventures (EAV) is in the process of planning for a larger successor fund that will focus on spreading access to digitally enabled essential services across Africa.

Funding objective

As part of EAV’s ambition to raise a fund focused on connectivity, EAV aims to activate the digital connectivity ecosystem in Africa and thereby encourage greater private sector engagement. FMO funding will be used to contribute to the first phase to achieve this objective which entails a) 4-in depth reports on connectivity topics to bring knowledge to the African connectivity ecosystem b) roundtable/webinars and other marketing mediums for key stakeholders in the connectivity space to drive collaboration in the ecosystem c) advisory support for one of its portfolio companies active in the connectivity space to help EAV Fund I scale-up for connectivity.

Why we fund this project

FMO supports this project because it aligns strongly with FMO and MASSIF’s strategy to support connectivity in un(der)served regions and thereby allocate significant capacity towards tech-based solutions that hold the promise of lowering production and delivery costs for goods and services targeting the base of the pyramid.

Region
Africa
Country
Africa
Sector
Infrastructure, Manufacturing and Services
Signing date
12/9/2021
Total FMO financing
EUR 0.15 MLN
Fund
MASSIF
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)