Africa: Tackling Africa's Off-Grid Gap - IFC, AfDB, and Partners Appoint Inspired Evolution As Investment Manager for Zafiri

AllAfricaCenterEN 4 min read 100% complete October 24, 2025 at 06:02 PM

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The African Development Bank Group (AfDB), The International Finance Corporation (IFC), and partner organizations have appointed Inspired Evolution as the investment manager for Zafiri, a new decentralized renewable energy equity investment vehicle aimed at expanding electricity access in sub-Saharan Africa. Zafiri is part of Mission 300, an initiative to provide first-time electricity access to 300 million people by 2030. The founding partners include IFC, AfDB, The Rockefeller Foundation, TDB Group, and Nordic Development Fund (NDF). Inspired Evolution, with over $850 million under management, will focus on financing distributed renewable energy companies that are critical for last-mile access but remain underfunded by mainstream markets.

Key Topics & Entities

Ethiopis Tafara 60% International Finance Corporation ×270% African Development Bank Group ×280% Inspired Evolution 80% Zafiri ×290%

Keywords

inspired evolution 100% zafiri 100% decentralized renewable energy 90% equity financing 90% african development bank group (afdb) 80% international finance corporation (ifc) 80% sub-saharan africa 80% clean energy 70% mission 300 70% first-time electricity access 60%

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Very Positive

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AllAfrica

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inspired evolution zafiri decentralized renewable energy equity financing african development bank group (afdb)international finance corporation (ifc)sub-saharan africa clean energy mission 300 first-time electricity access

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