ElectriFI and AgriFI 2024 annual reports
At EDFI MC, we are dedicated to bridging EU public support with private sector innovation—especially in the world’s most challenging markets. Catalytic capital is not about avoiding risk—it’s about managing it smartly so others can follow, and that’s where our work can truly change trajectories.
We just published our 2024 AgriFI and ElectriFI reports, highlighting the power of partnership and the impact of our investees.
- In Tanzania, AgriFI is helping East Africa Foods to train farmers on climate-resilient agricultural techniques such as crop rotation, intercropping, and the use of drought-resistant seeds. The company’s efficient logistics system has reduced post-harvest losses from 40% to just 5%, ensuring more food reaches consumers. Read more: https://reports.edfimc.eu/agrifi-2024
- In Lesotho, ElectriFI’s investment with OnePower is bringing first-time, clean electricity to more than 32,800 people, powering homes, schools, and clinics, and creating local jobs through innovative solar mini-grids. Read more: https://reports.edfimc.eu/electrifi-2024
By sharing these stories and lessons learned, we aim to inspire more partners to join us in making challenging markets investable. The private sector isn’t a side note in development—it’s the foundation. Together, we can scale impact and prove what’s possible where it matters most.
Join us on this journey.
Warm regards,
Rodrigo Madrazo
CEO, EDFI Management Company
Highlights from the ElectriFI and AgriFI 2024 Reports
The 2024 reports for ElectriFI and AgriFI showcase how targeted investments are driving real change in energy access and agricultural livelihoods across emerging markets.
ElectriFI: Powering Progress in Clean Energy
ElectriFI – The Electrification Financing Initiative – funded by the European Union, continues to unlock, accelerate, and leverage private sector investment to expand access to affordable, reliable, and sustainable energy in developing countries. ElectriFI is paving the way for private investors and development finance institutions to deploy capital where it’s needed most.
- With €153.9m total investment 78% of our ventures is dedicated to sub-Saharan Africa.
- ElectriFI’s investments in equity and quasi-equity instruments represent 50.3% of the total commitments.
- With €150m invested directly leveraging €530m in additional funding, ElectriFI has achieved a leverage factor of 4.4X – demonstrating its ability to attract substantial private and institutional capital.
- Finally, the reach of our portfolio investments extends to 26.4 million beneficiaries, illustrating the real-world impact on communities and individuals.
Read more: Powering Access to Clean and Reliable Energy
AgriFI: Investing in Inclusive and Sustainable Agriculture
AgriFI – The Agriculture Financing Initiative is an EU-funded blending facility designed to support investments that foster inclusiveness in the agri-food value chain, with a focus on smallholders, MSMEs, women, and youth. AgriFI addresses the critical financing gap in rural areas, supporting increased yields, higher farmer incomes, and adherence to the highest environmental and social standards.
- With total commitments of € 52.7 million AgriFI’s almost half (46%) of the investments went directly into small businesses.
- AgriFI’s investments mobilized an additional €108.5 million in investments, demonstrating its catalytic role in the agricultural sector with a leverage ratio of 3.05X
- Through its investments we reached 1,836,522 smallholder farmers, improving their livelihoods and economic stability.
Read the Full Report: Staying on Course in Stormy Weather
We invite you to explore the full ElectriFI and AgriFI 2024 reports for a comprehensive look at our achievements, lessons learned, and the stories behind the numbers.
All these facilities are implemented by EDFI Management Company on behalf of FMO.
