{"id":710,"date":"2021-09-17T15:31:18","date_gmt":"2021-09-17T15:31:18","guid":{"rendered":"https:\/\/africanewsradio.com\/?p=710"},"modified":"2021-09-17T15:31:21","modified_gmt":"2021-09-17T15:31:21","slug":"afc-capital-partners-to-raise-500-million-infrastructure-climate-resilient-fund","status":"publish","type":"post","link":"https:\/\/africanewsradio.com\/index.php\/afc-capital-partners-to-raise-500-million-infrastructure-climate-resilient-fund\/","title":{"rendered":"AFC Capital Partners to Raise $500 Million Infrastructure Climate Resilient Fund"},"content":{"rendered":"\n

As part of its drive to address Africa\u2019s vulnerability to climate risk, Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offering: the Infrastructure Climate Resilient Fund (ICRF).<\/strong>
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AFC Capital Partners plans to raise US$500m in the next twelve months and US$2 billion over the next three years. The ICRF will act as a direct investor and a co-investment fund to enhance the quality of African ports, roads, bridges, rail, telecommunications, clean energy, and logistics in the face of rising temperatures and sea levels due to climate change.
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\u201cAFC Capital Partners will enhance our firepower in driving integrated infrastructure solutions that are core to Africa\u2019s development in the post-Covid era,\u201d said Samaila Zubairu, President and CEO of Africa Finance Corporation. \u201cThe Infrastructure Climate Resilient Fund will enable us to support climate adaptation as well as projects that reduce carbon emissions and catalyze our continent to build back better, with more climate-resilient and sustainable infrastructure. And we are delighted to welcome Ayaan Zeinab Adams as CEO of AFC Capital Partners. She brings a wealth of experience to AFC and will enable investors to access meaningful exposure in Africa\u2019s infrastructure market.\u201d
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As the former leader of the private sector arm of the Green Climate Fund under the UN Framework Convention on Climate Change, as well as a former CIO and Senior Manager of the World Bank Group\u2019s IFC, Ayaan brings 27 years of experience in climate response and investment to her new role.
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The continent that has contributed the least to climate change is the most exposed because of housing, transport, industrial, and energy structures ill equipped to survive storms, floods, droughts, wildfires, and other hazards from extreme weather patterns. <\/p>\n\n\n\n

According to the UN Office for Disaster Risk Reduction, without urgent intervention, the cost of structural damage caused by natural disasters will increase to US$415 billion a year by 2030 from between US$250-300 billion now. Damage to rail tracks, roads, bridges, seaports, and power grids will add to an infrastructure deficit currently at US$130\u2013170 billion per year. The UN Conference on Trade and Development estimated that a total of US$2.3 trillion worth of infrastructure is needed across Africa.
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AFC Capital Partners forms a core part of the Corporation\u2019s five-year strategy, as set out in 2018 to expand its suite of pragmatic and innovative funding solutions by mobilising capital to drive the development of infrastructure that is resilient to the impact of climate change.
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\u201cSignificant financing is urgently required to build physical infrastructure that will survive the forces of climate change,\u201d said Ayaan. \u201cThe good news is that much of this investment is compatible with competitive returns for investors through leveraging the expertise, relationships, and blended finance models that have been tried and assessed for many years by Africa Finance Corporation.\u201d
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Ayaan played a key role in building the mandate of the Green Climate Fund Private Sector Facility and rapidly scaled its portfolio within three years to US$2.1 billion invested across Africa, Asia-Pacific, Latin America, and the Caribbean. She previously also served as UK-based CDC Group\u2019s Managing Director of Africa Funds.
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The mandate of AFC Capital Partners is aligned to AFC\u2019s in offering attractive investment opportunities to the global development finance and commercial investor community seeking long-term returns through structures that protect African built infrastructure from climate risks. The newly created fund, incorporated in Mauritius, will employ traditional project finance and private equity structures, supported by a blend of concessional finance, grants and \u201csoft equity.\u201d
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\u201cOur objective is to stay true to AFC\u2019s track record, competency and investor interest without compromising on the ability to provide timely exits and a seamless entry by new investors on an arm\u2019s length basis,\u201d said Ayaan.<\/p>\n\n\n\n

Source: AETOSWire<\/p>\n","protected":false},"excerpt":{"rendered":"

As part of its drive to address Africa\u2019s vulnerability to climate risk, Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offering: the Infrastructure Climate Resilient Fund (ICRF). AFC Capital Partners plans to raise US$500m in the next twelve months and US$2 billion over the next three […]<\/p>\n","protected":false},"author":2,"featured_media":711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[160,568,567,570,571,569,162],"_links":{"self":[{"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/posts\/710"}],"collection":[{"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/comments?post=710"}],"version-history":[{"count":1,"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/posts\/710\/revisions"}],"predecessor-version":[{"id":712,"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/posts\/710\/revisions\/712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/media\/711"}],"wp:attachment":[{"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/media?parent=710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/categories?post=710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/africanewsradio.com\/index.php\/wp-json\/wp\/v2\/tags?post=710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}