There is a new All On (a grid energy impact investment fund) opportunity for those working in the renewal energy space: $3.2 million available fund, seeded by Shell Nigeria, to support energy entrepreneurs. The financing terms beat the typical bank terms in Nigeria, TC Daily newsletter explains. Download the form here and apply if you work in the renewal energy domain.
All On Energy has announced the launch of a N1 billion Bank of Industry and All On Niger Delta Off Grid Energy Debt Fund. All On Energy is an off grid energy impact investment fund for Nigeria seeded by Shell. The fund will provide local currency debt financing to facilitate the deployment of energy solutions by access-to-energy companies in the Niger Delta at 10% interest rate per annum (with a one-year moratorium) and tenor of up to seven years. According to All On Energy, the goal of the Debt Fund is to stimulate the growth and spread of off-grid energy businesses in the Niger Delta. Find out how you can apply here.
Click to join Tekedia Capital and build Next Africa with min of $10,000 co-investment in startups.