USTDA, OPIC: Initial ACEF funding commitments


Issue 292 - 16 Jan 2015 | 1 minute read

The US Trade and Development Agency (USTDA) and Overseas Private Investment Corporation (Opic) have committed 100% of the initial $20m of project funds administered under the US-Africa Clean Energy Finance (ACEF) initiative, which aims to provide small amounts of early-stage funding for essential inputs such as technical and feasibility studies. US secretary of state Hillary Clinton launched ACEF at the UN Conference on Sustainable Development in 2012 with an initial investment of $20m. At the US-Africa Leaders Summit in August 2014, her successor, John Kerry, announced the State Department’s intention to invest an additional $10m.

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