Paris - Electrical equipment giant Schneider has set up a fund to finance projects aimed at boosting access to energy in sub-Saharan Africa, the French group said on Monday.
Some "625 million inhabitants of sub-Saharan Africa do not have access to electricity," Schneider said in a statement announcing the €54.5m Energy Access Ventures Fund.
"This lack of electricity impedes social progress and economic development and harms the environment," it said.