IFC Commits $25M to Acumen’s Fund for Expanding Energy Access in Africa
- IFC commits up to $25 million to Acumen’s H2R Fund.
- H2R Fund aims to electrify 72 million people in Sub-Saharan Africa over ten years.
- The fund is structured into three equity tranches: senior, mezzanine, and junior.
The investment by the IFC in Acumen's H2R Fund is a significant step towards addressing energy poverty in Sub-Saharan Africa. It highlights the potential of innovative financing models to deliver both financial returns and social impact. Further discussion could explore how similar initiatives can be scaled to meet the growing energy demands in other underserved regions globally.
