ARM-Harith Launches $250 Million Climate Investment Fund in West Africa
Mauritius-registered infrastructure fund manager ARM-Harith Infrastructure Investments is launching a new fund. The facility, which will be capitalised at $250 million, will focus on financing climate-resilient infrastructure in West Africa.
Through its new fund, ARM-Harith Infrastructure Investments wants to become a player in climate finance in West Africa. Its new project, The ACT Fund, aims to finance the development of sustainable and climate-resilient infrastructure. The Mauritius-registered infrastructure fund manager is embarking on its new challenge at a time when the effects of climate change are worsening in West Africa, exacerbating drought in the Sahel countries and causing erratic rainfall and severe flooding in others.
Photo courtesy of geralt.