Through increased outreach activity by the PFAN network and intensified engagement with existing and potential network partners in the region, Southern Africa was the region with the highest intake of projects in sub-Saharan Africa in 2021 inducting 31 projects into the PFAN pipeline.


Many of these projects were attracted though a dedicated region-wide campaign to identify and originate climate adaptation projects with a focus on agriculture. Joint events, consisting of online webinars and workshops, were co-organised with partners such as African Agri Council (AAC), the African Development Bank (AFDB), the Economic Development Board of Madagascar, the Renewable Energy Industries Association of Malawi and the Zimbabwe Energy Regulatory Authority (ZERA), helped to expand PFAN’s regional footprint by leveraging cooperation synergies for project origination, project development and local capacity building.

In addition to many smaller outreach events, PFAN organised two workshops reaching over 340 registered participants over two days on ”Supporting and Financing Climate & Clean Energy Projects in the Francophone and Lusophone SIDS” in the context of the 2021 Virtual Island Summit, an online forum dedicated to sharing knowledge for resilient, sustainable and prosperous islands worldwide. PFAN Advisors from the Pacific Islands were also involved in this event, helping to further PFAN’s penetration of these challenging markets, which are a new focus of project origination and development activity for both regions going forward.

Southern Africa in 2021

Total Advisors


Female Advisors


Locally-based Advisors (%)


Total number of projects supported


New partnerships established


Total number of projects supported by country

Technology area of new projects in the pipeline

Meet our Network in Southern Africa

PFAN Advisor - Lina Mushanguri

Born and raised in Zimbabwe, Lina Mushanguri is a specialist in clean energy financing, sustainability, corporate finance, market development, inclusion. policy lobbying, regulation and mentoring.

Lina served her articles with Pricewaterhouse Coopers (“PwC”) Harare since 2003 and worked in PwC’s US and Bermuda offices before joining Bermuda’s Financial Services Regulator in 2008. She worked for the Zimbabwe Stock Exchange (ZSE) from 2012-2019, initially as Listings Executive and led its Business Development arm after promotion. At the ZSE, Lina developed relationships with Independent Power Producers and project developers and was instrumental in ZSE joining the UN’s Sustainable Stock Exchange Initiative in 2015. She also co-founded ZETTA Capital Partners, a consultancy supporting African capital markets.

In addition to her role as Country Coordinator for Zimbabwe and PFAN Advisor, Lina also serves as PFAN’s Regional Gender Focal Point for Southern Africa.

Regional Coordinator - Thaven Naidoo

Thaven has experience in various sectors, ranging from agriculture and mining to media and technology, as well as adaptation and development. He first became involved in PFAN through the development of the adaptation work stream, before becoming regional coordinator. Adaptation has since been mainstreamed into PFAN’s work, a move he believes has been very positive.

Passionate about innovation and with a deep understanding of the challenges facing entrepreneurs, Thaven enjoys seeing projects grow from concept to financial close. “We’ve seen world-class, large scale projects find investment in Southern Africa, and in East Africa we’ve seen many smaller innovative projects achieve finance.” The market, he says, is full of good ideas that become great projects thanks to the guidance of PFAN’s coaches.

New Partners in 2021

African Women in Energy Development Initiative (AWEDI), Africa

Women network/organisation

AWEDI’s mission is to encourage and unite women in the energy sector by offering a guiding platform for their progress in the industry through career accelerators, mentorship, professional development and networking opportunities.

Energise Africa, United Kingdom

Crowdfunding platform

Energise Africa is a UK crowdfunding platform enabling everyday people to invest to support renewable energy projects (home solar) in Sub-Saharan Africa.

Eos Capital, Namibia

Private Equity Fund

Eos Capital is a Namibian private equity fund player that manages funds across the region. Their mission is to contribute to the growth of the Namibian and regional economy while delivering attractive returns to investors.

Impact Tank, Namibia

Corporate Venture Capital

Impact Tank is a Namibian/Swiss venture builder that uses social entrepreneurship as a means to create sustainable impact, seeking to reach sustainable change in the Namibian market using the most well-designed business models.

I&P Madagascar, Madagascar

Impact fund manager

Investisseurs & Partenaires (I&P) is dedicated to contributing to sustainable development and social stability in Africa by financing and advising entrepreneurs, project initiators, and African SMEs to help them thrive and achieve economic, social and environmental success.

Malawi Agricultural and Industrial Investment Corporation (MAIIC), Malawi


Malawi Agricultural and Industrial Investment Corporation (MAIIC)’s mission is to drive the private sector-led economic development through the mobilisation of finance, skills and technology for sustainable wealth creation in Malawi.

NBM Development Bank, Malawi


NBM Development Bank’s mission is to provide the best financial services in Malawi and internationally, distinguished by outstanding service, product innovation and sustained earning.

Solar Industry Association of Zambia (SIAZ), Zambia

Industry association

Solar Industry Association of Zambia (SIAZ) work with the Zambian government to develop policy and regulations that will promote the solar industry in the country.

Zambia Renewable Energy Association (ZARENA), Zambia

Industry association

Zambia Renewable Energy Association (ZARENA) is an industry association with the aim to foster and promote the large-scale adoption of renewable energy in Zambia.