CTI PFAN is now accepting proposals from the West African Region for the WAFCEF-2 Business Plan Competition


West Africa Forum for Clean Energy Financing (WAFCEF-2) seeks to nurture entrepreneurs, start-up and existing companies, project teams and consortia with environmentally beneficial business proposals with the aim of linking them with investment and finance and making them happen. Applications for WAFCEF-2 Business Plan Competition must be made by midnight (GMT) on October 19, 2014 to wafcef-2@cti-pfan.net. Find out more on the criteria, application process, and timeline in the adjacent document titled WAFCEF-2 Competition Guideline.

Once you are short-listed for the WAFCEF-2 Business Plan Competition, you will receive coaching from professional experts, who will help you to create a financially, socially and environmentally viable business plan. With this enhanced business plan, which should be well received and ready for action, you can stand before investors with full confidence. After the coaching process, the Finalists selected from the short-listed projects will be invited to the Financing Forum in West Africa to be held on April 2015, where there is an opportunity to present the business plan to invited investors to source the financing that is required. In addition, a panel of judges, made up of investors, industry specialists and business executives who have a keen interest in enabling cleaner and greener projects will select the best projects for award of the CTI PFAN West Africa Clean Energy Financing Awards. Through this forum, it is our aim to facilitate a marriage between entrepreneurs, their ideas and projects and investment. So take your ideas to the next level and grab this opportunity to see your business proposals transform into business reality.

African Development Bank (AfDB) through its Sustainable Energy Fund for Africa (SEFA), the Climate Technology Initiative – Private Financing Advisory Network (CTI PFAN) and the Regional Clean Energy Investment Initiative (RCEII) of the U.S. Agency for International Development (USAID), together with their West Africa CTI PFAN partners are inviting West African entrepreneurs with promising clean energy projects (renewable energy resources and energy efficiency) to enter into a Business Plan Competition for the chance to participate at the second edition of the West Africa Forum for Clean Energy Financing (WAFCEF-2) .

WAFCEF-2 is being promoted by AfDB, CTI PFAN, RCEII together with ECOWAS Regional Centre for Renewable Energy and Energy Efficiency (ECREEE) , Banque Ouest Africaine de Développement (BOAD), and the African Biofuels and Renewable Energy Company (ABREC), which is affiliated with the ECOWAS Bank for Investment and Development (EBID).

Note: Contents of these guidelines are subject to change without notice.

Source: http://www.cti-pfan.net/ (September 11, 2014)