New ACT climate fund operations in Lagos and Accra begins in 2022
The fund, launched by ARM-Harith Infrastructure Investments, has a capital of $250 million. It aims to finance resilient urban climate infrastructure in West Africa, primarily in the renewable energy, urban mobility, water and waste sectors.
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▪ New ACT climate fund operations in Lagos and Accra begins in 2022
▪ The fund, launched by ARM-Harith Infrastructure Investments, has a capital of $250 million. It aims to finance resilient urban climate infrastructure in West Africa, primarily in the renewable energy, urban mobility, water and waste sectors.
▪ https://www.africabusinessplus.com/en/809834/new-act-climate-fund-operations-in-lagos-and-accra-begins-in-2022/
The average size of the projects financed must be between $75 million and $100 million. Projects should address climate adaptation or mitigation objectives and contribute to the reduction of greenhouse gas emissions. An initial target of $250 million is under consideration.
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