Profile
FEI-OGEF is a specialized investor focusing on the provision of local currency debt solutions to the off-grid energy sector in Sub-Saharan Africa. The fund aims to tackle energy access challenges by supporting companies that provide affordable solar energy to regions lacking reliable power. The fund is managed by Cygnum Capital Group, a UK FCA-regulated firm with offices in Nairobi, Lagos, and London specializing in financial advisory and fund management for African markets.
The Off-Grid Energy Access Fund operates with a flexible strategy to meet the varied needs of the African energy access sector. This includes lending to companies and special purpose vehicles (SPVs) engaged in energy distribution, consumer finance, appliances, mini-grid development, and software services. With $2 to $10 million ticket sizes, the fund offers competitive lending terms and focuses exclusively on African markets. FEI-OGEF collaborates with a range of stakeholders and financiers, including the African Development Bank and other global entities.
While specific portfolio investments were not listed, FEI-OGEF's mission reflects a commitment to increasing the availability of local currency debt and supporting the development of local capital markets for energy access in Africa. The fund's strategic partners include notable organizations like Calvert Impact Capital, KfW, and USAID, highlighting its broad support network.
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