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Africa Energy Guarantee Fund (AEGF)


Period
2012 - ongoing

Implementing agencies
European Investment Bank (EIB)

African partners

Names of African partners involved

Donor involvement (incl. IOs)
Multi-donor

Names of donors involved (incl. IOs
European Commission & 12 European member states (i.e. nominated development finance institutions) through EU-Africa Infrastructure Trust Fund (EU-AITF)

Geographical scope
Continental

Countries where active
Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde Islands, Central African Republic, Chad Republic, Comoros, Congo, Libya, Dem. Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon Republic, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali Republic, Morocco, Mozambique, Namibia, Niger Republic, Nigeria, Principe, Rwanda, Senegal Republic, Seychelles, Sierra Leone, Somalia Republic, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe, Western Sahara, Mauritius

Sectors
Renewables, Electricity

Sub Sectors (Electricity)
Grid connected generation

Type of intervention

Type of technical assistance

Gender focus
No

Climate focus
No

Type of financing
Guarantee

Main objectives
The objective of the Africa Energy Guarantee Fund (AEGF) is: - to provide proper risk mitigation and credit enhancement solutions to facilitate and increase private sector involvement in the African energy sector in support of the SE4ALL objectives. - To unlock capacity from the private insurance market through co-guarantees and reinsurance

Main activities
Phase 2 - Implementation of the AEGF - where the ITF funding will support:- - Preparation of Business Plan and Information Memorandum - Negotiation with investors - Drafting of legal documentation, operational policies and guidelines - Facility commitment. Any remaining funding will be used in phase 3 - Financing of part of operational costs during AEGF’s start-up and ramp-up period - Establishment of the Facility agente infrastructure and systems - Operational start up (e.g. marketing, origination) - Evaluation of the initial launching phase and proposals for amendments of its modus operandi.

Comments

Sources
http://www.eu-africa-infrastructure-tf.net/activities/grants/africa-energy-guarantee-fund-aegf.htm

Contact information

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