Frontier Energy II
USD 200m (target)
Region: Sub-Saharan Africa
Sector: Renewable Energy
Financial instrument: Private Equity Fund
Financial intermediary: Frontier Investment Management
Sub-Saharan Africa is home to 13% of the world’s population but also accounts for nearly 50% of the global share of people living without access to electricity. Because of the energy gap, companies across Sub-Saharan Africa suffer from a competitive disadvantage, which leads to lost business opportunities and lower job growth. Investment in additional power capacity is required in order meet the demand, in particular, investment in renewable energy in order to ensure it is a significant part of the energy mix. SIFEM’s investment of USD 10m in Frontier II supports Africa’s energy security and economic development by adding capacity to the power grid and assists climate change mitigation through avoided CO2 emissions.