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Organisation profiles Empowerment Through Energy Fund
Funder profile Origin of funds The fund, amounting to R51 million (+/ $ 8 000000), is a partnership between Shell Foundation, ABSA Bank, the European Union (through a Risk Capital Facility co-managed by the Industrial Development Corporation) and RAPS Finance.
Goals / aims To invest capital, skills and knowledge in viable SMME's in the modern energy sector. While adopting a business-based approach, the Fund has a strong development focus and only SMME's that will be supported are those compliant with the government's Black Economic Empowerment (BEE) guidelines.
Main form of support Term loans, convertible loans, equity and quasi-equity.
Support type Financial assistance; Related technical support; Enterprise development services; business plan preparation; skills training, mentoring entrepreneurs; access to industry knowledge
Countries of operation South Africa
Main target groups - Businesses that produce, distribute and/or sell energy products and services;
- Businesses that produce, distribute and/or sell energy efficiency products and services;
- Businesses that apply energy for the delivering of downstream, value-added products and services (productive use applications).
General conditions The investment focus has a strong development approach with a Black Economic Empowerment focus in South Africa. Additionally, the investment activity will result in social, economic and/or environmental advantages.
Example projects - Amatola Green Power - Independent Power Producer
- Dingamandla Business Enterprises CC - LPG distribution in Kwa-Zulu Natal
- Oceanside Trading CC - Sasol franchise in Ruimsig, Johannesburg
Contact details Webpage: www.raps.co.za
Telephone: (012) 998 8280
Facsimile: (012) 998 8401
Email: carmen@...
Sources This profile, based on initial information contributed by Eco Ltd, was updated within the framework of the Sparknet project supported by the European Commission's Fifth Framework Programme.
Click here for the full list of donor, organisation, and project profiles from Sparknet.
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