Other regions

Nefco is financing and implementing pioneering projects around the globe that support ambitious climate action, a healthier Baltic Sea and sustainable development in Sub-Saharan Africa.

Clean energy access in Africa

Call center worker at BGFA investee in Zambia - Photo: Jason Mulikita for BGAF / Nefco

The Beyond the Grid Fund for Africa (BGFA) is bringing clean and affordable off-grid energy solutions to rural and peri-urban areas in Sub-Saharan Africa. The aim is to reach 8.7 million people by 2029.

Read more about the BGFA programme

Clean cooking solutions in Africa

Investee customer in Zambia - Jason Mulikita for MCFA/Nefco

The trailblazing Modern Cooking Facility for Africa (MCFA) utilises green financing with the aim of scaling access to modern energy cooking solutions for over 4 million people.

Read more about the MCFA programme

Grants for a healthy Baltic Sea

Archipelago in the Baltic Sea

We are helping to improve the ecological wellbeing of the Baltic Sea by financing demonstration projects from both public and private entities.

Read more about the Baltic Sea Action Plan Fund

Nefco and carbon market mechanisms

As an innovator in climate finance, Nefco was an early adopter of project-based carbon market mechanisms. Since 2003, Nefco has established and managed several groundbreaking carbon funds.

Read more about Nefco and carbon markets

Key figures from 2025

846k

energy service connections through BGFA

+41k

clean cooking services through MCFA

~12k

jobs in the off-grid energy sector in Sub-Saharan Africa

80%

of BSAP projects address biodiversity conservation and pollution prevention

BGFA in 2024: Over 3 million people with access to electricity

BGFA investee workers in Zambia - Jason Mulikita for BGFA

In total, over 610,000 energy connections had been established by year end, impacting a total of 3.15 million lives and benefitting almost 5,000 African businesses across five countries in Sub-Saharan Africa.

Read more

MCFA built a strong project portfolio during 2024

MCFA-Annual-Results-Report-2024_Cover

The MCFA Annual Results Report 2024 highlights initial results of efforts to accelerate access to clean cooking solutions in Sub-Saharan Africa. In 2024, around 18,000 people in Sub-Saharan Africa gained access to clean cooking through approx. 3,000 initial clean cooking services provided by MCFA-financed companies.

Read more

Contact us

Dennis Hamro-Drotz Acting Head of Department, Special Funds
+358 10 6180 607
dennis.hamro-drotz@nefco.int
Swedish, Finnish, English, French, Spanish

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