Smallholder farmers, fishers and the Malagasy population as a whole stand to benefit from a €40 million Sahanala project, supported by a €20 million investment from the European Investment Bank (EIB), signed today in Antananarivo. The loan will promote agricultural mechanisation alongside traditional farming practices in western Madagascar (Maintirano). It…
WeLight Madagascar’s access to energy initiative will receive €19 million in financing from the EIB, Triodos Investment Management and EDFI ElectriFI the EU-funded Electrification Financing Initiative.
Today the European Investment Bank (EIB), Triodos Investment Management and EDFI ElectriFI announced their new collective investment of €19 million to support WeLight Madagascar’s €28 million project in Madagascar. The investment will enable WeLight to build and develop solar mini-grids to supply electricity to over 120 villages in Madagascar which currently have no access to the electricity grid.
The objective of the visit was to observe the evolution of food security and nutrition in the Grand Sud in recent months, in the context of an ongoing drought, and unprecedented global food insecurity.