Energy Entrepreneurs Growth Fund closes at $125mn

Energy Entrepreneurs Growth Fund (EEGF) has raised a total of USD 125mn to invest in the energy ecosystem in sub-Saharan Africa. Supporting EEGF are FinDev Canada, the Development Bank of Austria (OeEB), the Nordic Development Fund, the African Development Bank and the U.S. International Development Finance Corporation.

EEGF completed its funding round in July and as of August 2023 has invested in eleven companies. Impact investment manager Triple Jump oversees its portfolio, while off-grid venture builder Persistent provides advisory support.

The fund is within the scope of Article 9.