Bamboo Capital Partners appointed as international fund manager for OMDF in Madagascar

The Government of Madagascar in partnership with the World Bank has appointed Bamboo Capital Partners as the international fund manager for the Off-Grid Market Development Fund (OMDF). 

The US$40 million renewable energy access fund aims to increase access to electricity via off-grid solar energy solutions, from solar lamps to entry-level Solar Home Systems (SHS).

OMDF launches a Results-Based Financing (RBF) grant program with the first submission window for companies from 28 October to 8 December. In parallel, OMDF is providing credit solutions to distributors and financial institutions active in the off-grid solar sector.