Browsing: FSDAi’s investment

Nigeria is set to benefit from renewable energy financing programmes worth $4.5 million by the FSD Africa Investments (FSDAi).

FSD Africa

Established in 2012 and supported by UK aid, FSD Africa is a specialist development agency working to build and strengthen financial markets across sub-Saharan Africa.

FSD Africa is incorporated as a non-profit company limited by guarantee in Kenya. It is funded by UK aid from the UK government.

Poverty eradication

The organization works to reduce poverty through a ‘market systems development’ approach with an aim to address the structural, underlying causes of poverty by improving how financial market systems function.

The FSDAi, is investing $4.5 million in Nithio FI, a renewable energy financing intermediary focused on the Pay as You Go (PAYG) off-grid solar sector.

The intermediary provides renewable energy solutions for households and small businesses in Nigeria, Kenya and Uganda.

Renewable off-grid energy

Over the next five years, …