The African Development Bank Group (AfDB), The International Finance Corporation (IFC), and partner organizations today announce the appointment of Inspired Evolution as the investment manager for Zafiri, a new decentralised renewable energy (DRE) equity investment vehicle targeting small-scale and decentralized renewable energy, to expand access to electricity and clean cooking solutions for tens of millions of people across sub-Saharan Africa.
The appointment underscores Zafiri’s central role in Mission 300, a joint initiative of the World Bank Group and African Development Bank to provide first-time electricity access to 300 million people in Sub-Saharan Africa by 2030. Zafiri addresses one of Africa’s toughest energy-financing gaps by channelling long-term equity into distributed renewable energy (DRE) companies that are essential to last-mile access yet remain underfinanced by mainstream capital markets. Zafiri’s founding partners include IFC, AfDB, The Rockefeller Foundation, Trade and Development Bank Group (TDB Group), and Nordic Development Fund (NDF).
