FEI Leads ~USD71m Debt Facility for AktivCo Subsidiaries

Source(s): Africa Global Funds

The Facility for Energy Inclusion (FEI), managed by Lion’s Head Global Partners, led a EUR60m (~USD71m) multi-country debt facility for the African subsidiaries of energy services company AktivCo. FEI is providing EUR27m (~USD32m), while Proparco and Norfund are providing EUR16m (~USD19m) and EUR9m (~USD11m) respectively. The balance of EUR8m (~USD9.5m) is being provided by AfricaGoGreen. Read more