Lead party: International Finance Corporation (IFC) (investor)
Coverage: The Meridian legal market record (editorial).
Udo Udoma & Belo-Osagie acted as Nigerian counsel to the IFC on its US$10 million equity investment in CrossBoundary Energy Access Platform (CBEA). CBEA finances and owns mini-grids and other distributed renewable infrastructure across Africa. The investment will support CBEA projects in Nigeria and Madagascar. These include projects with Ignite Energy Access and Mobile Power (MOPO) in Nigeria and ANKA in Madagascar. It aims to expand clean, reliable power for underserved communities and businesses. CBEA is working toward electricity for one million people. The UUBO team was led by Partner Joseph Odianosen Eimunjeze.
Further reporting: Udo Udoma & Belo-Osagie acted as Nigerian counsel to IFC on its US$10 million equity investment in CrossBoundary Energy Access Platform (CBEA). CBEA finances and owns mini-grids and distributed renewable assets across Africa. The money supports projects in Nigeria and Madagascar with Ignite, MOPO and ANKA. CBEA powers more than 170,000 people. Existing investors include ARCH, Bank of America, Microsoft Climate Innovation Fund and AfDB’s SEFA. The UUBO team was led by Partner Joseph Odianosen Eimunjeze.
Value (as reported): US$10 million.
Law firms: Udo Udoma & Belo-Osagie – Nigerian counsel to IFC (investor).
Lawyers named: Joseph Odianosen Eimunjeze (UUBO); Chisom Okolie (UUBO); Tobechi Nwokocha (UUBO); Itoro Uwemedimo Etim (UUBO).
Parties: Investor: International Finance Corporation (IFC); Investee: CrossBoundary Energy Access Platform (CBEA) | Investor: IFC; Investee: CrossBoundary Energy Access Platform.
Jurisdiction (as reported): Nigeria / Madagascar · Sector (as reported): Renewable energy / Mini-grids.
Source: LinkedIn firm publications, posted 2 September 2026, 25 September 2026. Meridian record LI-DL-2026-0211.
Target: CrossBoundary Energy Access Holdings (private company) · Sector: Energy & Utilities, Solar Mini-grids · Countries of operation: Nigeria, Democratic Republic of the Congo (DRC), Madagascar
Transaction type: Investment · Asset class: Private Equity · Strategy: Growth Equity · Instrument: Ordinary Shares (Equity) · Round: Growth Capital · Deal amount: US$10m
Lead investor/buyer: International Finance Corporation (IFC) · Investors/buyers: International Finance Corporation (IFC)
Source: announced 25 June 2026. Original announcement: solarquarter.com.
