Bamboo Capital Partners, the Government of Madagascar and the World Bank partner to launch USD$40 million energy access fund for Madagascar.
The Off-Grid Market Development Fund (OMDF) aims at increasing access to electricity via off-grid solar energy solutions, from solar lamps to entry-level Solar Home Systems (SHS).
OMDF launches a Results-Based Financing (RBF) grant program with first submission window for companies from 28 October to 8 December. In parallel, OMDF is providing credit solutions to distributors and financial institutions active in the off-grid solar sector.
OMDF is managed by Bamboo Capital Partners in partnership with Société Générale Madagasikara, which will host the funds and provide the financing.
Please download the press release for more information.