The investment, structured as a mezzanine facility, will support the development of isolated and interconnected mini-grid projects serving households, commercial and industrial customers in communities with limited or unreliable access to electricity.
The investment, being made under the Demand Aggregation for Renewable Energy Technology (DART) Programme, is expected to provide electricity to nearly 100,000 people while supporting local businesses, improving essential public services and creating employment opportunities.
Formula 1 is reportedly on course to return to Africa for the first time in more than three decades, with Rwanda set to join the calendar in 2030 after reaching an agreement to host a Grand Prix.