THE BACKGROUND
The Togolese Government's ambition is to pursue its policy of electrification for all in order to achieve 75% electrification by 2025 and universal access by 2030. To accelerate access to electricity for vulnerable populations, a fund for universal access to electricity, known as the TINGA Fund, was created by decree on December 1, 2021. The Fund offers eligible users flexible and concessional financing arrangements to fund grid connections or access to solar kits.
THE PROJECT
FINANCE FOR IMPACT provided advisory services for the restructuration of the fund to provide access to electricity on a subsidized basis for the most vulnerable populations, including MSMEs.
THE RESULTS
Our team assessed the scope of the fund’s capital structure, its governance strategy, refinancing options, strategic directions, organizational development, and the results-based appraoch. In addition, FINANCE FOR IMPACT provided specific advisory services on selected projects in the hydro and renewable energy sectors, in particular for de-risking scalable investments and leveraging private capital.
Location: Togo
Solution: Fund Advisory
Tool(s) mobilized: Risk analysis, capital and refinancing strategy, governance model, blended finance
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