Africa Go Green Fund

Overview

Africa Go Green Fund (AGGF) is a private debt fund dedicated to promoting private investments in renewable energy and energy efficiency across Africa. Managed by Cygnum Capital Asset Management, a subsidiary of Cygnum Capital Group, AGGF provides tailored financing solutions, including senior and mezzanine debt, as well as guarantees, to corporate and industrial entities, local financial institutions, and other businesses engaged in energy-efficient and renewable energy projects. The fund's primary objective is to mitigate climate change by reducing greenhouse gas emissions and enhancing energy efficiency, with a target size between $200 million and $250 million. AGGF's investment strategy focuses on sectors such as green transport, green housing, industrial energy efficiency, and green appliances. The fund also invests in innovative solutions like battery storage and green hydrogen to increase the share of clean energy in the system. Geographically, AGGF has a pan-African focus, prioritizing investments in Compact with Africa countries in West Africa, while also considering opportunities in other regions. The fund aims to modernize energy, industrial, transport, and housing sectors, improve the competitiveness of companies and economies, create jobs, and promote gender equality. Since its inception, AGGF has made significant investments in various projects. Notably, in May 2025, the fund invested in GOGO Electric, a leading e-mobility company in Uganda, to expand its electric motorbike production. In November 2023, AGGF announced an interim close at $150 million, supported by investments from the Clean Technology Fund and other partners. The fund has also provided financing to companies like AktivCo, BBOXX, Solarise, and M-Kopa, supporting clean energy solutions and energy-efficient appliances across multiple African countries. Through these investments, AGGF demonstrates its commitment to fostering sustainable development and clean energy solutions in Africa.

Investment Focus

• Investments must result in a reduction of greenhouse gas emissions and/or improvement of energy efficiency of at least 25% relative to a defined benchmark.

Portfolio Companies