ElectriFI provides Okra with a revolving working capital facility to be used for financing manufacturing of actual client orders in Nigeria.
Contract signature date: December 2022
Total ElectriFI financing: USD 4.5m (equiv EUR 4.15)
Environmental and Social Category: B (A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
The EU approved a USD 4.5 working capital loan under the ElectriFI Country Window for Nigeria to provide access to electricity through the mesh-grid technology to mini-grids developers, targeting some 76 000 beneficiaries by the end of 2025.
