The Inexperienced Local weather Fund, a $12 billion worldwide local weather finance facility, has agreed to make its greatest ever African fairness funding, backing infrastructure that may face up to the affect of a warming planet.
Its $253.7 million dedication will function an anchor funding within the Infrastructure Local weather Resilient Fund, which is the primary providing by Nigeria-based Africa Finance Corp.’s asset administration unit, AFC Capital Companions. It’ll additionally, AFC Capital stated, create a brand new asset class of resilient infrastructure debt.
