AFC Launches Climate-Resilient Fund for Nigeria's Infrastructure

AFC Capital Partners (ACP), the asset management subsidiary of Africa Finance Corporation (AFC), has launched the Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria). This fund is designed to mobilize domestic institutional capital for investment in climate-resilient infrastructure projects across Nigeria and Africa.

Registered with the Securities and Exchange Commission (SEC) as a closed-end fund, ICRF Nigeria aims to attract capital from pension fund administrators, insurers, asset managers, and other Nigerian institutional investors for a diversified portfolio of high-impact infrastructure opportunities. The fund is part of ACP’s $750 million Infrastructure Climate-Resilient Fund, which seeks to enhance Africa’s infrastructure resilience by integrating climate considerations throughout the asset lifecycle.

AFC’s President and CEO, Samaila Zubairu, stated that Africa possesses over $4 trillion in domestic resources, yet much of this wealth is underutilized in productive sectors. Ayaan Adam, CEO of ACP, emphasized that ICRF Nigeria provides a dedicated route for Nigerian institutional investors to engage in high-quality infrastructure investments while addressing climate change risks.