Energy Access Relief Fund raises $68mln to boost the energy sector in Africa and Asia

[Yaoundé – Cotonou – Dakar – Abidjan – Genà¨ve](/) (Ecofin Agency) – The Energy Access Relief Fund, recently established by a consortium of investors and development financing institutions, has raised a total of $68 million for its first closing. The vehicle, managed by Social Investment Managers and Advisors (SIMA), will provide short-term loans to nearly 90 companies active in the energy sector in sub-Saharan Africa and Asia. EARF targets companies that are still struggling to get financing due to the economic crisis linked to Covid-19. Ultimately, the Fund plans to invest $80 million to facilitate access to energy for at…