About
The Energy and Entrepreneurs Growth Fund (EEGF) is an investment fund providing tailored flexible, patient, risk-tolerant capital to the off-grid energy sector. It is long-lived and flexible in its instruments, from straight equity to long-term debt, including mezzanine structures, to support investees across their development stages.
Project Focus
Initiated in 2019 by Shell Foundation and FMO, the Energy and Entrepreneurs Growth Fund (EEGF) provide catalytic financing for early and growth stage companies in sub-Saharan Africa operating in the access to energy ecosystem. Managed by Triple ump and advised by Persistent, EEGF provides tailored mezzanine, equity, and debt investments combined with technical assistance.
EEGF aims to address the unique needs of women as customers, employees, and energy entrepreneurs by applying the 2X Challenge criteria. Shell Foundation co-designed and seeded this new multi-product investment vehicle specifically targeting catalytic financing to early growth stage companies.
Insights and impact
Latest news and updates
Fostering Innovation
Micro-Entrepreneurs
India
Clean Cooking
From flame to plug: what India’s micro-food vendors tell us about the commercial future of clean cooking
New research shows how electric cooking is improving productivity, incomes, and working conditions for micro-food vendors across India.
18th March 2026
Gender
Micro-Entrepreneurs
East Africa
West Africa
Clean Cooking
Cold Storage
Smart Energy Systems
What gender-responsive financing can unlock for women entrepreneurs
A Gender Results-Based Financing pilot shows how targeted incentives can unlock income growth, resilience, and opportunity for women entrepreneurs.
08th March 2026