Impact Manager Acre Raises $100 Million for African Climate Infrastructure
Two former BNP Paribas bankers have raised almost $100 million for a new fund which aims to unlock billions of dollars of funding for climate-aligned infrastructure projects in Africa.
Acre Impact Capital, a private-debt impact investment manager, is looking to address the estimated $100 billion annual infrastructure financing gap on the continent by providing a portion of the unsecured funding for export finance projects.
Photo courtesy of Science in HD.
Source: Reuters (link opens in a new window)
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