InfraCo Africa Invests $43M To Launch New Climate-Focused Infrastructure Fund

  • 📰 cleantechnica
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

InfraCo Africa, the African development arm of the Private Infrastructure Development Group (PIDG), has announced a $43 million anchor investment into the Climate, Energy Access and Resilience (CLEAR) fund. CLEAR is a climate-focused fund advised

Sustainable Infrastructure Competition. MOBILIST supports investment solutions looking to list on global or local stock exchanges that help emerging and frontier markets spur progress towards UN Global Goals and deliver the climate transition.

CLEAR Chair Diana Fox Carney commented: “The race is on to identify solutions that will help us meet the enormous climate challenge that we face – including adapting to a changed climate. Working at the interface of the public and private sectors, the CLEAR Fund will play a key role in mobilising capital for Africa’s low carbon development pathway.

Ross Ferguson, MOBILIST Lead, Foreign, Commonwealth and Development Office, commented: “Collaboration between development finance institutions and the private sector is critical to directing investment towards sustainable development and the climate transition in emerging and frontier markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 565. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines