Following Empower New Energy’s grant agreement concluded with the African Development Bank-managed Sustainable Energy Fund for Africa (SEFA), Mazghouny & Co executed in early July 2021 one of the company’s first agreements under this framework. The agreement covers the provision of legal advisory services by Mazghouny & Co, together with Moroccan law firm Mokhtari Avocats, in support of Empower’s small and medium-sized renewable investments in North Africa.

Donia El-Mazghouny, Managing Partner at Mazghouny & Co, commented, “Our agreement with Empower, facilitated by SEFA, will pave the way to unlocking multiple renewable energy projects in Egypt and the region”.

Empower New Energy is an award-winning impact investment company investing in small and medium-scale renewable energy projects across Africa through its investment vehicle Empower Invest. The investors in the fund include Norfund (the Norwegian Investment Fund for Developing Countries), ElectriFI (the Electrification Financing Initiative, which is a EUR 250+ million impact investment facility funded by the European Union) and a group of private impact investors.

Mokhtari Avocats is a boutique law firm founded in 2017, specialised in projects, financing, and corporate matters across a range of sectors in Morocco and North Africa, with additional strengths in environmental law and tax.