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July 13, 2022
IDCOL Organized a Stakeholder Consultation Workshop on Malawi Off-Grid Market Development Fund.

IDCOL organized a stakeholder consultation workshop at the Capital House, Lilongwe, Malawi on 11th July 2022 on the “Off-Grid Market Development Fund (OGMDF)” which aims to address the challenges of scaling up the country’s off-grid market. IDCOL has recently been engaged by the Ministry of Energy, Malawi to be the Fund Manager of the OGMDF. Financed by the World Bank, this facility targets to install 200,000 Solar Home Systems by June 2024 and catalyze private sector investment in the off-grid solar sector in Malawi.

 

The objective of the workshop was to engage with the local financial institutions to understand the off-grid solar market space in Malawi. Representatives from Standard Bank of Malawi, FDH Bank, MyBucks Banking Corporation etc. were present and provided their feedback on the Fund. IDCOL delivered the keynote presentation and moderated the discussion. Senior officials from the Ministry of Energy also participated in the workshop.