The leadership shown by African investors with regards to SnCF Africa serves as a bold statement of commitment from one of the regions of the world most vulnerable to climate change and provides a unique opportunity for inclusive growth in Africa.
On November 29th, 2018, in Kigali (Rwanda), R20, BlueOrchard and the AfroChampions Initiative signed a US$ 10 million termsheet for Senior tranche investment in SnCF Africa.
This signature follows the commitment made by Mr. Samba Bathily, Founder of Solektra International, on behalf of AfroChampions companies at the One Planet Summit in New York earlier this year.
On December 14th, 2018, in Cairo (Egypt), R20, BlueOrchard, Afrochampions and Afreximbank signed a MoU with the aim to provide a broad framework for cooperation and facilitate collaboration for an inclusive and sustainable Africa through the creation and implementation of SnCF Africa.
The catalytic political and financial support from AfroChampions and Afreximbank is an important stepping stone for the deployment of green infrastructure projects in Africa and will undoubtedly contribute to unlocking further pledges.