KfW sets milestone to enhance capacity for AEGF

With the signing of the first EFSD guarantee agreement in Brussels on 22nd January KfW lays the foundation to increase as additional guarantor the reinsurance capacity of the African Energy Guarantee Facility (AEGF) to USD 1 billion. This will facilitate access to affordable credit risk insurance for energy projects in Africa. In the past, underwriters had very limited capabilities to cover risks such as payment default or political risks. With the support of the European Investment Bank (EIB) and KfW, the African Trade Insurance Agency (ATI), in partnership with Munich Re, AEGF will provide long-term investment insurance for sustainable energy projects.

https://www.kfw-entwicklungsbank.de/International-financing/KfW-Development-Bank/About-us/News/News-Details_562880.html

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