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Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Africa Finance Corp. is looking to raise almost $1 billion in the first half of 2024 to support industries and resilience against climate change as it readies for the next growth phase across the continent.
The Lagos-based institution plans to close financing for its inaugural US$750 million Infrastructure Climate Resilient Fund in the second quarter, Chief Executive Officer Samaila Zubairu said.
The fund has attracted additional US$140 million and expects to lure more investors before the closure, he said. That’s in addition to a $1.26 billion syndicated loan it raised in March to develop critical infrastructure.