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

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  • 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.

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