Norfund and FEI close $90 million long-term debt facility for CREI

Norfund and the Facility for Energy Inclusion (FEI), a debt fund managed by Cygnum Capital, have closed a $90 million long-term debt facility for CREI, the telecom energy service and asset management arm of two33 Group. Transaction Overview The financing package: Refinances $55 million in short-term bridge facilities provided in 2024 Adds $35 million of new capital to support CREI’s next phase of growth Enables CREI to scale its energy-as-a-service model across Africa, providing mobile network o