Africa Finance Corporation creates AFC Capital Partners which will raise US$500-million

Africa Finance Corporation has created an independent asset management subsidiary called AFC Capital Partners to invest in African infrastructure that will have a positive impact on climate change. AFC Capital Partners intends to raise US$500-million in the next 12-months and will be deployed towards ports, roads, bridges, rail, telecommunications, clean energy and logistics that will have a positive impact on climate change.

The new AFC Capital Partners will be headed by Ayaan Zeinab Adams who managed the US$2-billion Green Climate Fund Private Sector Facility and also served as the managing director – Africa Funds of the CDC Group. AFC Capital Partners is a 100% owned subsidiary of Africa Finance Corporation, with a Board and Executive Committee independent of the African Finance Corporation. The mandate of AFC Capital Partners is aligned to African Finance Corporation in offering attractive investment opportunities to the global development finance and commercial investor community seeking long-term returns through structures that protect African built infrastructure from climate risks.

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