New €40 million ElectriFI Country Window for Zambia
29 May 2019 | After Benin, Ivory Coast and Nigeria, ElectriFI has now officially launched its fourth, and also largest, Country Window in Lusaka, Zambia. The finance facility will, according to Gianluca Azzoni, Head of Cooperation at the EU Delegation to Zambia and COMESA, “help in turning the existing investment opportunities into viable and very much needed investments, benefitting both the investor and the end consumer.”
With €40 million for sustainable energy and energy access projects, the new Country Window seeks to have a large positive impact, especially in Zambia’s rural areas. Investors and developers will be able to – hand in hand – satisfy the investment needs required to bring sustainable and affordable electricity to the Zambian population. ElectriFI will focus on leveraging additional finance, taking a catalytic role similar to the GET.invest Finance Catalyst.
Other highlights of the well-received event in Lusaka included a high-profile panel discussion on the current investment climate in Zambia, an introduction of the EU External Investment Plan (EIP), and the first-of-its-kind “Meet the Advisors” session. The latter being jointly co-organised by ElectriFI and GET.invest, showed the large potential for synergies between both programmes. About a dozen interested participants had the opportunity to meet with advisors from both programmes.