GCF commits $253.7 million to AFC Capital Infrastructure Fund Equity investment is biggest made by GCF in Africa to date
The Green Climate Fund, a $12 billion international climate finance facility, has agreed to make its biggest ever African equity investment, backing infrastructure that can withstand the impact of a warming planet.
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Its $253.7 million commitment will serve as an anchor investment in the Infrastructure Climate Resilient Fund, which is the first offering by Nigeria-based Africa Finance Corp.’s asset management unit, AFC Capital Partners. It will also, AFC Capital said, create a new asset class of resilient infrastructure debt.
Source: Bloomberg
