for All and SOBA to set up matchmaking at April 2 and May 10 Energy Revolution events to develop 2016 pilots Follow up these events with trade missions between national and international firms and investors, encouraging co-operation. Implement through relevant partners as part of a private sector working to deliver Sierra Leone’s off-grid electrification targets DFID to provide Technical Assistance to support above, if needed 6 Number and Three global, high Includes as a top priority in National Capacity of quality products are Electrification Program attracting 2-3 Private present in Sierra targeted new companies in key market Sector Market Leone (d.light, Azuri segments Participants and BBOX) but are distributed by small for All to support REASL and companies with Ministry of Energy in attracting private limited distribution sector companies and financing capabilities Improved technical and business capacity within SOBA to provide Technical Assistance for Sierra firms will capacity building support to firms and be essential to developers, and support local skills expand the market development and training initiatives. and ensure local jobs and benefits are created 7 Availability of Access to finance is Provide increased access to financing to Financing critical but very participating in the National Off-Grid limited; currency Electrification Program via a focused pilot fluctuations pose a program in Sierra Leone to support high risk for consumer lending and company working companies; high capital needs, including support on interest rates at currency issues, as illustrated in National commercial banks Off-Grid Electrification Program prohibit access to local finance SOBA to support pilot development, and general company-level “finance readiness”
for All and SOBA to set up matchmaking at April 2 and May 10 Energy Revolution events to develop 2016 pilots Follow up these events with trade missions between national and international firms and investors, encouraging co-operation. Implement through relevant partners as part of a private sector working to deliver Sierra Leone’s off-grid electrification targets DFID to provide Technical Assistance to support above, if needed 6 Number and Capacity of Private Sector Market Participants Three global, high quality products are present in Sierra Leone (d.light, Azuri and BBOX) but are distributed by small companies with limited distribution and financing capabilities Improved technical and business capacity within Sierra firms will be essential to expand the market and ensure local jobs and benefits are created Includes as a top priority in National Electrification Program attracting 2-3 targeted new companies in key market segments for All to support REASL and Ministry of Energy in attracting private sector companies SOBA to provide Technical Assistance for capacity building support to firms and developers, and support local skills development and training initiatives. 7 Availability of Financing Access to finance is critical but very limited; currency fluctuations pose a high risk for companies; high interest rates at commercial banks prohibit access to local finance Provide increased access to financing to participating in the National Off-Grid Electrification Program via a focused pilot program in Sierra Leone to support consumer lending and company working capital needs, including support on currency issues, as illustrated in National Off-Grid Electrification Program SOBA to support pilot development, and general company-level “finance readiness”
Sierral%20Leone%20Policy%20Compact%20-%20Energy%20Africa%20-%20Final.docx