The AECF COVID-19 Rapid Emergency Fund (REF) is a SEK 20 million (US$2million) project under the REACT SSA program, funded by SIDA to support the operations of early and growth-stage Decentralized Energy Access Companies (DESCOs) as most companies see a reduction in gross revenues and struggle to meet their short-term obligations.
My role was to conduct due diligence, financial analyses, make recommendations and compile investment memos to guide the investment committee ;
This support was provided through disbursements of emergency grants (US$ 50,000 – US$ 200,000) to cover short-term working capital needs (3-12 months) as well as targeted technical assistance for business continuity.
Financial statement analysis
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