- Oikocredit is providing finance to Weziza to boost rural electrification.
- The firm plans to connect 21 settlements to the electricity grid.
Oikocredit, an investment company in the Netherlands, is set to approve a $1.4 million investment to implement a rural electrification project. The initiative, led by Energicity, Weziza’s parent company, intends to connect 21 settlements to the electrical grid.
In a statement by Siebren Wilschut, Oikocredit’s investment manager, “renewable energy mini-grids have immense potential to address the needs of millions of people living in energy poverty, to support profitable uses of power, and to promote rural community development.” Weziza Benin will continue to expand its social impact with Oikocredit’s assistance.
Weziza Benin is also supported by the Benin Rural Electrification and Energy Management Agency (ABERME) and the Millennium Challenge Corporation of the United States government (MCC).