AFC Capital Partners (ACP), the asset management subsidiary of Africa Finance Corporation (AFC), has launched the Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria) as a dedicated platform to mobilise domestic institutional capital for investment in climate-resilient infrastructure projects across Nigeria and the wider African continent.
Registered with the Securities and Exchange Commission (SEC) as a closed-end fund, ICRF Nigeria is designed to channel capital from pension fund administrators (PFAs), insurers, asset managers and other Nigerian institutional investors towards a diversified portfolio of commercially viable high-impact infrastructure opportunities.
In a statement, it said, “ICRF Nigeria forms part of ACP’s $750 million Infrastructure Climate-Resilient Fund (ICRF), a pioneering vehicle designed to strengthen the resilience of Africa’s infrastructure by embedding climate considerations throughout the asset lifecycle—from planning and design to construction and operation.
AFC’s President and CEO, Samaila Zubairu, commented: “Africa is not short of capital. The continent holds more than $4 trillion in domestic resources, including significant pools of long-term capital in pensions, insurance and sovereign wealth funds. Yet too much of this wealth remains invested in low-risk, short-term instruments rather than being channeled into productive sectors such as infrastructure, industry and innovation.”
