Green Mobility Financing Facility for Africa

The Green Mobility Financing Facility for Africa (GMFA) aims to catalyze private investment to develop a green mobility system with efficient and low emission public transport to reduce greenhouse gas emissions in Africa. Through the operationalization of the GMFA, the facility will deliver a transformative impact by addressing key financing barriers through blended finance and credit enhancement instruments including (i) concessional debt; (ii) senior debt and will be complemented with technical assistance. The technologies considered for GMFA include electric buses, electric 2-3 wheelers, their associated renewable energy charging infrastructure (including battery swapping stations) and EV manufacturing.