Our investment
Commercial finance is not currently suitable or available in sufficient quantity for renewable commercial and industrial power and resource efficiency projects in Africa. CDC's investment in Metier seeks to address this financing gap and demonstrate the viability of these business models.
| Impact |
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| How? |
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Our commitment will enable the fund to invest in distributed energy, resource efficiency businesses and small-scale utility renewable projects helping to reduce the dependence on fossil fuels. The success of the fund in distributed energy and resource efficiency sectors would also play a role in catalysing the uptake of these business models by helping to demonstrate the commercial viability. |
| Stakeholder | Geography | Characteristics |
|---|---|---|
| Planet |
Global |
N/A |
| Employees |
Sub-Saharan Africa |
Other (power will support employees of grid-connected businesses). |
| Consumers |
Sub-Saharan Africa |
Other (typically urban/peri-urban households connected to the grid). |
| Grid Score | Contribution |
|---|---|
|
2.7-2.8
To help us direct our investments, we use a tool called the Development Impact Grid. The Grid scores every investment we plan out of a score of four, based on two factors: the difficulty of investing in the country and whether investment in that sector will lead to jobs. |
Capital not offered in sufficient quantity. CDC will help to reduce Execution risks and any negative impact risks through support to the Manager strengthening its E& S and business integrity systems. |
| Risk |
|---|
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Execution: the impact case depends on the successful Execution of complex projects. External: commercial & Industrial projects support an acceleration in renewable capacity but can also present financial challenges to the grid if anchor customers are attracted away, this is especially the case in smaller grids. |
Environmental and social aspects
We work closely with the fund manager to help develop and implement an Environmental and Social Management System (ESMS) that has the capacity to manage the higher level of environmental and social risk associated with this sector, including delivering an action plan.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa
- Website:
- https://protect-eu.mimecast.com/s/SPFhCoQJvFrODroTzrKwlk?domain=metier.co.za
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Metier
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- December 2019
- Amount
:
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
- $20m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Mauritius
