Finance

Social Investment Managers & Advisors raises $90mln for solar projects in Africa

Monday, 24 February 2020 18:12
Social Investment Managers & Advisors raises $90mln for solar projects in Africa

(Ecofin Agency) - Social Investment Managers & Advisors (SIMA), a fund management and investment consulting firm which operates in Kenya, Pakistan, Switzerland, and the United States, mobilized $90 million via its Sima Fund 1 that focuses on solar energy projects. The resources will be allocated to companies that design and distribute solar solutions in sub-Saharan Africa and South Asia.

The fundraising saw the participation of about thirty investors including development agencies in the United States, the Netherlands, Belgium, and Austria. Sima Fund 1 has supported nearly 26 off-grid solution providers in about 15 developing countries since it was launched in 2017.

According to a February 2020 report entitled "2020 Off-Grid Solar Market Trends" published by the World Bank Group in partnership with Gogla, a global off-grid solar industry association, sub-Saharan Africa and Asia-Pacific are the two regions in the world with the largest energy deficit. In these two regions, nearly 716 million people are without access to electricity and more than 1 billion people have unreliable energy grids.

Chamberline MOKO



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.