Africa Finance Corporation (AFC) has established a new and independent asset management arm in order to address climate risk in Africa.

The new asset management business, AFC Capital Partners, has made a debut offering: the Infrastructure Climate Resilient Fund (ICRF). Over the next year, AFC Capital Partners intends to raise USD500 million, as part of USD2 billion over the next three years.

For more information, please see https://iclg.com/alb/17187-afc-addresses-climate-risk