NDF News from September 2022

In our September edition, we present our recent initiatives: The Energy Entrepreneurs Growth Fund, the Emerging Market Climate Action Fund, NDF's participation in the United Nations General Assembly and an episode from a video series on Nordic perspectives on the Green Transition. 

NDF joins energy fund to support businesses in Sub-Saharan Africa

The Nordic Development Fund has joined the Energy Entrepreneurs Growth Fund (EEGF), a blended investment fund that supports early-growth Access to Energy (A2E) businesses in Sub-Saharan Africa, as a key investor.

“EEGF can have a remarkable impact on building resilience in Sub-Saharan Africa, which is at the very core of NDF’s strategic focus. Focusing their investment on A2E enterprises which support off-grid homes and small businesses, especially in rural communities, the Fund looks for long-lasting solutions with an innovative approach and a focus on gender equality. It is a very welcome addition to our investment portfolio”, says Isabel Leroux, Program Manager at NDF.

Early Warnings for All initiative gains momentum

NDF was raising awareness on its work in the 77th UN General Assembly (UNGA77) taking place in New York at the UN Headquarters, where decision-makers and organizations gathered to discuss pressing global challenges, such as climate change.

NDF’s Managing Director Karin Isaksson participated in the panel 'Scaling up what works – financing for implementation'. She highlighted the importance of early warning systems, climate financing and spoke about NDF's and partners' actions to close the gaps of weather and climate observations. 

Financing of the Green Transition from a Nordic perspective

NDF contributed to a video series by the Nordic Energy Research entitled  'Nordic Solutions to Global Challenges: Financing of the Green Transition', which brings a Nordic perspective to today's pressing global challenges.

Read our article and watch the episode below.

Emerging Market Climate Action Fund (EMCAF) 

Emerging Market Climate Action Fund (EMCAF) is an innovative blended finance Fund of Funds created in partnership by Allianz Global Investors (AllianzGI) and the European Investment Bank (EIB). The Fund provides highly catalytic early-stage equity financing to greenfield climate mitigation and adaptation projects in emerging and developing markets by backing fund managers and project developers active in the sector.

The Fund will have long-lasting tangible impact by building up real assets on the ground as well as fuelling private market ecosystems that will sustain low carbon economy over long-term, allowing the target countries to become energy independent and resilient.

Read more about the on-going project: