The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.
The European Commission will contribute an additional €10 million. The Bank’s investment, which will come from its Sustainable Energy Fund for Africa (SEFA), is expected to enable the participation of other interested investors. As an anchor investor, the Bank will channel first-loss equity from SEFA and the European Commission thematic blending facility. […]
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