Private investors' appetite for African energy markets to date has been limited due to high political risks. The European Investment Bank, the African Trade Insurance and Munich Re, an insurance group and leading expert on global and local risk solutions, set up a USD 1.4 billion Africa Energy Guarantee Facility to provide technical assistance and risk instruments to scale up investment in renewable energy infrastructure in sub-Saharan Africa. It is the first time such a facility will offer instruments that "include insurance against sovereign or sub-sovereign non-payment under a public-private partnership, expropriation and breach of contract, currency inconvertibility, war, civil unrest and arbitration award default."