October 26

Acre Launches $200 Million Fund for Climate Finance in Africa

By Jean Marie Takouleu

The investment company Acre Impact Capital is launching a $200 million investment fund dedicated to Africa. This mechanism supported by the European Investment Bank (EIB) will contribute to climate financing.

The European Investment Bank (EIB) says it is ready to contribute $40 million to the Acre Export Finance Fund I. It is an initiative of the London, UK-based investment firm Acre Impact Capital. The fund is dedicated to climate finance in Africa. As such, the facility will provide loans for the construction of green and resilient infrastructure.

Photo courtesy of UNDP Climate.

Source: Afrik21 (link opens in a new window)

climate change, climate finance, infrastructure, renewable energy