Proparco is participating in Metier’s new investment fund dedicated to sustainable infrastructure in Africa

Multi-country Global South Africa Kenya Uganda
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Panneaux solaires
Proparco is continuing its support for renewable energy, sustainable infrastructure and energy efficiency projects in Africa via a EUR 9m equity investment in Metier’s Sustainable Capital International Fund II.
Client presentation

With a target size of USD 200m, Metier Sustainable Capital International Fund II is the second investment fund for renewable energies and sustainable infrastructure of the South African manager, Metier. 

Project description

The fund is targeting between 8 and 12 investments in projects all over Africa in the renewable energies and sustainable infrastructure sectors (water treatment, waste treatment…). 

Project impact

Significant impacts are expected for the MSCF fund in terms of effects on the climate and development:

  • The investment fund should allow a reduction of 4.4 million tons of CO2eq during the lifespan of the projects (i.e. 220,140 tons of CO2eq a year over a total of 21 years); in the portfolio, the two hydropower projects in Kenya and Uganda should improve access to clean energy for some 400,000 people. 
  • The projects should support over 1,700 jobs in the companies invested in, including over 400 jobs for women. In addition to these figures, a total of over 9,000 people will be employed for the construction of the projects. The companies invested in are encouraged to devote 2% of their payroll to training and, more generally, should make a significant contribution to the tax revenues of the underlying countries. 
20/12/2019
Date of signature of the project
Sectors
Multi-country Global South Africa Kenya Uganda
Location
Financing tool
9 000 000 Euros
Amount of funding
USD 10m Equity investment
Financing details
Metier Sustainable Capital International Fund II
Client
CES