The Off-Grid Energy

Access Fund

Empowering local capital markets

Over half the population in Sub-Saharan Africa lacks access to reliable sources of energy. The Off-Grid Energy Access Fund, OGEF, helps tackle this challenge by providing local currency financing solutions to companies bringing affordable solar energy to communities living off the grid in the region.

FLEXIBLE

APPROACH

OGEF's flexible approach is responsive to the needs of the African energy access sector, accommodating different funding requirements, jurisdictions and borrower types. Eligible borrowers include companies and specialist SPVs and span distributors, consumer finance providers, appliance companies, mini-grid developers and, indirectly, software and other service providers.

Increasing the availability of local currency debt for the African energy access sector is at the heart of OGEF's mission. We work with borrowers across all currencies in sub-Saharan Africa within the local market pricing dynamic, investing via a range of debt instruments, including receivables lending, inventory finance, other working capital lending and unsecured corporate debt.

LOCAL

CURRENCY

In the long term, local capital markets will be the optimal source of local currency finance and wider debt for the energy access sector. OGEF will provide support for borrowers seeking to engage with local capital markets in terms of capacity building, outreach to investors, transaction structuring as well as advising and funding efforts to enhance the local regulatory environment.

LOCAL CAPITAL

MARKETS

Investment Parameters

Africa focused

Lending to companies and SPVs domiciled in Africa

ticket size

US$2-10 million ticket sizes in the applicable local currency

lending rates

Competitive lending rates depending on transaction structure and risk profile

flexible tenor

12-60 month tenors depending on transaction structure

Investors

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Supporters

Fund Manager

OGEF is managed by LHGP Asset Management, a UK FCA-regulated alternative asset manager part of Lion’s Head Group. The firm specialises in fund management and financial advisory for innovative financial strategies and transactions across Africa and has offices in Nairobi, Lagos and London.

For more information on Lion’s Head please see www.lhgp.com, www.alcbfund.com and www.feiafrica.com.

Contact us

To get in touch, please fill out the form below or send us an e-mail at

Grievances

Any person, community or organisation who is adversely impacted by FEI OGEF LP can lodge a grievance against the fund, fund manager, an investee company or any other party related to the fund.

Grievances should preferably contain the following information:

The identity of the complainant(s): name(s), address(es) and other contact information;
The identity of the individual, project or other party related to the fund against which the complaint is being made;
A description of the issue; and
A description of any action taken to date.

The persons who have lodged a grievance will be kept informed about expected response times and progress made in addressing grievances. The identity if the complainant will be kept confidential.

Grievances can be submitted by emailing complaints@ogefafrica.com. Any complaint submitted by email will be reviewed by the Fund E&S Officer and automatically shared with the Fund Advisory Committee and African Development Bank for 3rd party review.

Grievances can also be sent to the Fund Manager, Advisory Committee or African Development Bank directly by letter to:

E&S Officer

FEI OGEF LP

LHGP Asset Management

130-132 Buckingham Palace Road

London SW1W 9SA

United Kingdom

Advisory Committee (Complaints)

FEI OGEF LP

c/o Estera Management (Mauritius) Ltd

6th Floor, Tower A, 1 CyberCity,

Ebene 72201,

Port Louis, Mauritius

Compliance Review & Mediation Unit African Development Bank

BP 1387 Abidjan 01

Cote d'Ivoire

- or via -

www.afdb.org/en/independent-review-mechanism/

FEI-OGEF LP

c/o Estera Management

6th Floor, Tower A,
1 CyberCity,
Ebene 72201,
Port Louis, Mauritius

LHGP Asset Management

London

130 Buckingham Palace Road

SW1W 9SA

London, UK

Kenya

Valley View Office Park

Tower A, Floor 3

City Park Drive

Nairobi, Kenya

Nigeria

6th Floor, Sapetro Towers,

1 Adeola Odeku Street,

Victoria Island

Lagos, Nigeria