Thursday, June 20, 2019

East Africa: Funds Available for Renewable Energy Projects Including Geothermal

Pan-African financier to fund green energy projects in east Africa (Xinhua)

Pan African financier, Trade and Development Bank (TDB), plans to fund green energy projects in east Africa, officials said on Tuesday.

Michael Awori, executive of lending operations at TDB told Xinhua in Nairobi that his organization has received lines of credit from a number of institutions including Export-Import Bank of China for onward lending to support various green projects in East Africa.

"We are looking to finance renewable energy projects so as to increase our energy portfolio with a heavy focus on geothermal, solar, wind and hydropower," Awori said during the Kenya roadshow for the upcoming second edition of the Africa Investment Forum.