March 31

BII Injects €20 Million Into Meridiam’s Urban Climate Resilience Fund By Benoit-Ivan Wansi in Africa

In response to population growth and climate change affecting several African cities, British International Investment (BII), the UK’s development finance institution, is injecting €20 million into the Urban Resilience Fund (Turf) managed by the French investment company Meridiam and focused on sustainable infrastructure.

By 2030, Africa will be up to date with the UN’s 9th, 11th and 13th Sustainable Development Goals (SDGs) on innovation and infrastructure, sustainable cities and climate action respectively. This is the objective of the Urban Resilience Fund (Turf) launched by the French group Meridiam, which specialises in the development, financing and management of public infrastructure projects.

Photo courtesy of Akil Mazumder.

Source: Afrik21 (link opens in a new window)

Environment, Investing
climate finance, development finance, infrastructure, innovation, SDGs