Africa Guarantee Fund’s $5 Billion Facility to Spur Continental Energy Access

• The African Guarantee Fund establishes a $5 billion guarantee facility to accelerate electricity access 
• Initiative supports AfDB and World Bank’s Mission 300 plan to electrify 300 million people in five years

Abuja, Nigeria – The African Guarantee Fund has set up a $5 billion guarantee facility to help the African Development Bank (AfDB) expand electricity access across the continent by financing small and medium-sized businesses involved in distributed renewable energy solutions.