Fund for Export Development in Africa completed an investment in Ecow-Gas.

Fund for Export Development in Africa, a development impact-oriented subsidiary of African Export-Import Bank, completed an investment in Ecow-Gas, a Liquefied Natural Gas (LNG) distribution infrastructure platform in the West Africa region. Financial terms were not disclosed. ”We are delighted to partner with experienced operators and investors on this mission-critical opportunity to unlock the provision of cheaper and cleaner fuel in West Africa. The combined complementary skills and capabilities within the Ecow-Gas platform stakeholders will help enable the Company to execute its growth plans. We believe that EcowGas will help to significantly remove the energy supply and cost bottlenecks that negatively impact the competitiveness of the region as a manufacturing destination,” Emmanuel Assiak, FEDA CEO.