Original Story Published by: Fiacre E. Kakpo for Togo First
Photo Source: ©Togo First
(Togo First) - Launched Last December, the project CIZO has just received the support of the European Union via the African Development Bank.
Estimated at €20 million to €25 million, the fund provided should be used for the installation of 100,000 off-grid solar home systems in the near future.
The fund will be provided via an innovative funding model to which local banks will take part to facilitate the materials’ acquisition for final users.
This financing falls within the framework of Compact with Africa, an initiative launched in March 2017 by G20 countries under the presidency of Germany.
The ultra selective initiative to which Togo was added last April is aimed at promoting private investments in the renewable energy sector in Africa.
To read the full article, visit Togo First.
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