Scalar International, emerging fund manager selected as part of the 2024 ICFA Cohort, and Mergence Investment Managers announce the launch of a $150 million project to finance clean energy and digital infrastructure in sub-Saharan Africa.
Scalar is dedicated to addressing Africa’s $3 trillion NDC Climate and SDG investment gap by mobilizing private capital through DFIs, Multilateral Development Banks (MDBs), and Private Capital Mobilization (PCM). The $100 million Africa Decarbonization project is a testament to Scalar’s vision, focusing on SMEs and supporting first-time women and indigenous developers.
Their involvement in South Africa Real Estate Corporation’s (REIT) renewable energy projects led to the creation of the Scalar Africa Decarbonization project, investing in clean energy and energy efficiency projects across sub-Saharan Africa. Scalar’s mission is to unlock institutional funding to support indigenous-owned project developers and independent power producers (IPPs) in the clean energy sector.
As an Indigenous-owned firm, Scalar integrates socio-economic development considerations to ensure the sustainability of its investments. Their impact is integral to their DNA, and they are committed to filling the space with specialist fund management capabilities in the clean energy sector.
Congratulations to Scalar and Mergence teams! We’re always delighted to hear successful achievements from the emerging fund managers accelerated through our programmes.
