BII Commits $20 Million to Acumen’s Hardest-to-Reach Initiative
British International Investment (BII) has committed $20 million to Acumen’s Hardest-to-Reach (H2R) Initiative, which aims to expand access to affordable, reliable energy in underserved African markets. The capital will flow through H2R Amplify, the initiative’s debt-focused vehicle, which provides impact-linked loans and receivables financing to off-grid solar companies.
Photo courtesy of Acumen.
Source: Africa Private Equity News (link opens in a new window)
