AFRICA Finance Corporation is looking to raise almost $1 billion in the first half of 2024 to support industries and resilience against climate change as it readies for the next growth phase across the continent.
The Lagos-based institution plans to close financing for its inaugural $750 million Infrastructure Climate Resilient Fund in the second quarter, chief executive officer Samaila Zubairu said.
The fund has attracted an additional $140 million and expects to lure more investors before the closure, he said.- moneyweb.co.za