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


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[Yaoundé - Cotonou - Dakar - Abidjan - Genève](/) (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...