The African Development Bank-managed Sustainable Energy Fund for Africa (Sefa) has approved a $870,000 preparation grant for the Rural Energy Agency (REA) to structure the Renewable Energy Investment Facility (REIF), which will provide affordable finance to private sector clean energy projects for rural communities. The grant will finance advisory support, development of operational guidelines, risk mitigation framework, fund manager identification, technical and institutional support for the REA towards the establishment of REIF and capacity building for relevant public sector institutions/agencies and private sector project developers.