Congo’s Planned $500 Million Off-Grid Fund to Start Disbursing

The World Bank-backed Mwinda Fund, which could become Africa’s second-largest financial facility for off-grid power projects, expects to start disbursing money in the Democratic Republic of Congo in the first quarter of next year.

The fund, to be managed by GreenMax Capital Group and grow to $500 million over three years, aims to boost electrification in a country with the world’s second-largest number of people without access to power after Nigeria.