Vetiva, CFAL, AGFWA Partner to Finance Green Energy Projects

Vetiva Capital Management Limited has signed a Memorandum of Understanding(MoU) with Climate Finance Advisory Limited (CFAL) and the African Guarantee Fund West Africa (AGFWA) on the Green Energy Fund (GEF) Programme. The programme seeks to leverage available public and private sector credit funds to facilitate access to, and flow of, flexible funding / finance to eco-friendly energy projects. The fund will focus on bankable, commercially viable and socially responsible renewable / clean energy generation and distribution. Speaking on the agreement, Group Executive Director at Vetiva, Mr. Damilola Ajayi, said: “The signing of this MoU is another important step in facilitating flow of funding towards bankable, commercially viable and environmentally friendly energy projects in Nigeria and, indeed, the rest of Africa. This does not only provide alternative capital deployment channels for investors but seeks to contribute to addressing the energy deficit in Nigeria.”