Since our launch, we've made significant progress. Engaging with investors worldwide, including Member Countries, development finance institutions, and pension funds, we've garnered support and signed key agreements with organizations such as the Multilateral Investment Guarantee Agency (MIGA) and Africa 50. The ISA's commitment to the GSF was underscored during its 6th Assembly session, with a capital contribution of $35 million earmarked for the payment guarantee fund.

In partnership with Nuru, a leading solar power company in the Democratic Republic of the Congo (DRC), we unveiled our inaugural project at COP28. This project not only addresses the electricity crisis in the DRC but also serves as a testament to our ability to overcome financing challenges and deliver tangible, positive impact.

As we forge ahead, the GSF remains dedicated to paving the way for future development. Weenvision expanding our operations beyond Africa to regions like Asia, Latin America, and the Middle East, tailoring our approach to meet specific needs and supporting innovative technologies for enhanced efficiency.