Aktivco, the investment vehicle of the Camusat Group, has signed a €60 million credit facility with several investors. Camusat will use the credit to generate renewable energy and install energy efficiency solutions for telecom towers in several African countries.
The Camusat Group now has the means to deploy its solutions in Africa. This asset manager for telecommunication energy infrastructure under the ESCO (Energy Service Company) model obtains a credit facility of 60 million euros via its investment vehicle Aktivco. The credit is provided by the Facility for Energy Inclusion (FEI) . This financing facility is capitalised by the African Development Bank (AfDB) and other development finance institutions and managed by Lion’s Head Asset Management.
In this loan, EUR 27 million is allocated by the EIF, and EUR 16 million by Proparco, the subsidiary of the French Development Agency (AFD) group, responsible for private sector financing. Norfund, the Norwegian government’s private equity arm, is contributing €9 million, and €8 million from AfricaGoGreen (AGG), a fund launched by the Kreditanstalt für Wiederaufbau (KfW) to promote private investments that mitigate or reduce greenhouse gas (GHG) emissions.
Read also- AFRICA: Escotel launched to power phone towers with green energy
Camusat installs clean energy and energy efficiency solutions for telecommunication masts. Its investment vehicle Aktivco will leverage the credit facility to rapidly finance and deploy new ESCO projects in several African countries, including Chad, Cameroon, Niger, Burkina Faso, and Ivory Coast.
This credit “strengthens our ability to meet the demand of telecom operators for green and efficient energy to secure their networks. I would like to personally congratulate the management teams of the lenders and LHGP Asset, as well as the financial team of the Camusat Group for their hard work in making this innovative agreement possible”, said Richard Thomas, CEO of Camusat. The group, which employs more than 2,600 people in 50 countries, aims to provide clean energy and energy efficiency solutions to 10,000 ESCO sites in Africa by 2025.
Jean Marie Takouleu
