Cote Dlvoire, Jan. 29 -- The African Guarantee Fund (AGF) announced the launch of its Mission 300 Local Currency Guarantee Facility, a groundbreaking initiative to mobilize $5 billion to support energy access projects across Africa. This facility targets financing for small and medium-sized enterprises (SMEs) in the Distributed Renewable Energy (DRE) sector.The facility forms a critical component of an ambitious initiative led by the African Development Bank Group and the World Bank Group to provide electricity to 300 million Africans by 2030.Africa faces a significant energy access challenge, with approximately 600 million people lacking electricity as of 2023. The continent is estimated to require an annual investment of nearly $25 billio...