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TERMS OF REFERENCE FOR SOMALI NGO CONSORTIUM PROJECTS AUDIT


Background Information
CARE International in Somalia has been providing development and lifesaving assistance across all regions of Somalia since 1981. Our programs go beyond meeting basic needs at the onset of an emergency to helping affected communities recover, rebuild their lives and become more resilient. In order to strengthen communities to better cope with future disasters and address persistent poverty and vulnerability, we are implementing a variety of longer-term development activities aimed at addressing the underlying causes of poverty in Somalia. Our development programs support marginalized women and youth through innovative projects in education, water and sanitation, sustainable environmental management, civil society development, peacebuilding and governance and small-scale enterprise development. CARE works in partnership with Somali and international NGOs, civil society leaders, universities, the private sector and local authorities in order to bring effect ....

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Winch Energy secures largest funding to establish solar mini grids in Uganda and Sierra Leone


Sierra Leone Telegraph: 28 February 2021:
Leading off-grid utilities provider, Winch Energy, has completed the funding for solar mini grid projects in 49 villages across Uganda and Sierra Leone through the creation of a new platform, Winch Energy IPP Holdings Limited (“WIPP”).
The deal represents the largest mini grid financing portfolio to date, bringing together several major players in the off-grid space and was finalised on 29
th January 2021. Winch Energy is owned by Total Eren, Itochu Corporation, Al Gihaz Holdings and Winch Partners.
The investment comes from Winch Energy Limited in partnership with NEoT Offgrid Africa – a platform established by Meridiam, EDF and Mitsubishi Corporation. ....

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Winch Energy Lands $16 Million in Funding for African Solar Minigrids


London-based Winch Energy landed $16 million in funding, through a new financing platform, for solar minigrid projects in 49 villages in Uganda and Sierra Leone.
The deal represents the largest ever minigrid financing portfolio, according to Winch, which is owned by Winch Partners, Total Eren, Al Gihaz Holding and ITOCHU Europe.
Courtesy of Winch
The funding came through a new financing platform, Winch Energy IPP Holdings, which could grow to $100 million over the next two years. The financing platform was created in partnership with NEoT Offgrid Africa.
NEoT Offgrid Africa is part of NEoT, a Paris-based financing firm focused on off-grid energy and electric transportation that was established by Meridiam, Electricite de France (EDF) and Mitsubishi. ....

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