Africa Investment Forum: Tembo Power diversifies into fund management

Tembo Power, a company known for developing small hydropower projects, is making a significant pivot into the world of fund management. The founder of Tembo Power, Raphael Khalifa, recently spoke with CNBC Africa's Kenneth Igbomor about the company's new direction at the Africa Investment Forum. Khalifa expressed his enthusiasm for the forum, highlighting the valuable interactions with key stakeholders in the infrastructure and power sectors across Africa. He emphasized the importance of engaging with donors, DFIs, private investors, contractors, and consultants to drive their new strategy forward. With a focus on small hydropower projects, Khalifa outlined the efficiency and developmental impact of this technology, particularly in underserved regions like Burundi and the DRC. Moving forward, Tembo Power aims to secure deals averaging $30-40 million for projects ranging from 9-32 megawatts, with a total portfolio size of $500 million. The company's innovative approach of developing projects as clusters enables them to meet the standards required for project finance and attract international investment. As they prepare to launch their first fund, Tembo Power is optimistic about driving sustainable energy solutions in Africa and is eager to return to the Africa Investment Forum next year to continue shaping the power landscape on the continent.