Africa Go Green Fund - aVenture Asset Manager Research
Africa Go Green Fund
Operating Status: Operating
The Africa Go Green Fund finances private investments that cut greenhouse-gas emissions across Africa's transport, housing, and industry.
Location
London, GB
Founded
2021
The Africa Go Green Fund (AGG), initiated by KfW on behalf of the German government and managed by Cygnum Capital Group, is a Luxembourg-domiciled private fund with roughly $201 million in commitments toward a $310 million target. It backs companies reducing greenhouse-gas emissions across more than 15 African countries.
AGG focuses on green transport and e-mobility, green housing, energy-efficient appliances, industrial efficiency, and carbon-backed projects, financing corporates and local financial institutions with senior and mezzanine debt. Its portfolio includes African electric-mobility platform Spiro, to which it has committed a $50 million debt facility alongside Afreximbank and Nithio.
