Firm unveils SEC-approved $150m climate fund
AFC Capital Partners launches a $150m SEC-approved climate fund in Nigeria to channel institutional capital into green infrastructure and combat climate ch Read More: https://punchng.com/firm-unveils-sec-approved-150m-climate-fund/
AFC Capital Partners, a subsidiary of the Africa Finance Corporation, has launched its $150 million Infrastructure Climate-Resilient Fund in Nigeria. The SEC-approved closed-end vehicle aims to channel domestic institutional capital into critical green infrastructure projects nationwide. The fund, part of a $750 million pan-African climate initiative, targets $3.7 billion in project financing.
The Chief Financial Officer of AFC Capital Partners Nigeria Limited, Chika Dotimi-Beke, emphasized the immediate priority of capital raising and deployment, with the goal of making the first investment before the end of the year. Gbadebo Adenrele, the financial adviser and issuing house for the transaction, highlighted the expansion of domestic savings, with Nigeria's investment pool estimated at $31tn to $32tn.
The fund will invest in transport and renewable energy sectors, aiming to lower logistics costs and generate competitive returns for investors.
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