L - R: Partner, KPMG Nigeria, Elijah Oladunmoye; Managing Director, United Capital, Dr. Gbadebo Adenrele; CFO, AFC Capital Partners, Chika Dotimi-Beke; Chief Risk Officer, AFC, David Johnson; Team Lead, Olaniwun Ajayi LP, OALP, Terry Akaluzia, and Kunle Olorunfemi, MD/CEO, First Nominees. Photo: Jide Ajia.
AFC Capital Partners, the asset management subsidiary of the Africa Finance Corporation, has launched its $150m Infrastructure Climate-Resilient Fund in Nigeria following regulatory approval from the Securities and Exchange Commission.
The formal signing ceremony, held in Lagos on Monday, established the SEC-registered closed-end vehicle to channel domestic institutional capital into critical green infrastructure across the country.
As part of a larger $750m pan-African climate initiative, the Nigerian platform aims to unlock investments from pension fund administrators, insurance firms and sovereign wealth funds, targeting an overall project financing pool of $3.7bn.
Speaking with journalists on the sidelines of the event, the Chief Financial Officer of AFC Capital Partners Nigeria Limited, Chika Dotimi-Beke, stated that the immediate priority is capital raising and deployment.
