ELIPSIS is the product of a partnership between FirstRand and UNCDF (the Consortium) that seeks to facilitate a significant increase in Climate/Green Infrastructure investments in Africa.
Through its innovative approach of sharing exposures to Climate/Green Infrastructure assets in sub-Saharan Africa (SSA) with institutional investors, ELIPSIS will become a principal facilitator of the efficient recycling of private and developmental capital.
The ultimate vision for ELIPSIS, as a MOBILIST platform, is to provide access to capital for transformative climate-sensitive infrastructure projects in SSA’s Least Developed Countries (LDCs), Low Income Countries (LICs), Lower-Middle Income Countries (LMICs), and Upper-Middle Income Countries (UMICs) in alignment with and contributing to their efforts to promote climate-resilient development pathways and deliver net-zero emissions, as enshrined under the Paris Agreement, the Nationally Determined Contributions (NDCs), the National Adaptation Plans (NAP) and climate-related sustainable development goals (SDG).2
In particular, ELIPSIS will be a major contributor to the transformation of LDC economies into inclusive, diverse, climate-resilient and sustainable systems for human realisation and planetary health because it will alter the market dynamics and price signals in public markets to mobilise fresh capital on the terms required for transformative, green, and sustainable projects.
Providing access to capital for transformative climate-sensitive infrastructure projects in SSA’s Least Developed Countries (LDCs), Low income countries (LICs), Lower-Middle Income Countries (LMICs), and Upper-Middle Income Countries (UMICs) in alignment with and contributing to their efforts to promote climate-resilient development pathways and deliver net-zero emissions.
UNCDF Technical Assistance Facility:
ensures that the investments it brings into the project development life cycle are feasible, bankable, and have long-term inclusive and climate resilience impact, consistent with achieving Paris Agreement goals towards low-carbon and climate-resilient and inclusive development pathways.
The TA Facility has a specific filter and impact monitoring tool designed for ELIPSIS that provides safeguards in this area, which will be applied through its award-winning Dual-Key investing with impact methodology and approach to pipeline sourcing, structuring and development. TA Facility supports LDCs in improving their public sector and private sector development with the following aims:
UNCDF will draw on its award-winning Dual Key investing with impact methodology and approach to pipeline sourcing, structuring and development. This SDG responsive approach supports LDCs in improving their public-sector and private-sector development with the following aims:
The Dual Key pipeline development process includes standardised filters, procedures, technical advisory services and structuring methodologies. It ensures that each adopted investment is financially sustainable and SDG responsive. Impact must be measurable and trackable: it is assessed and measured in accordance with leading development impact standards developed by UNCDF and other UN entities.
The merit of UNCDF’s Dual Key approach to pipeline management is that impact and additionality can be tailored to, as well as measured in accordance with, specific national development objectives.
With regards to Climate/Green additionality, this means that proposed investments will be directly linked to the and will contribute to achieving NDCs and the NAPs goals of the country, or countries, concerned.
Mohammad Abbadi
Senior Investment Manager
Local Development Finance
Leyla Cuevas Lopez
Public and Private Investments
Portfolio Analyst
Local Development Finance
Amadou Sy
Communication and Results
Based-Management
Local Development Finance
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