Mauritian company launches Urban Climate Infrastructure Fund for West Africa

ARM-Harith Infrastructure Investments Limited, a Mauritius-regulated infrastructure fund manager and parent company of ARM-Harith Infrastructure Investment Limited Nigeria, plans to launch the ARM-Harith Cities and Climate Transition Fund (The ACT Fund), a pillar of ARM-Harith’s sustainable infrastructure investment platform anchored on climate action.

The ACT Fund is part of ARM-Harith’s broader climate finance platform and will reportedly invest in urban climate infrastructure solutions with an initial focus on renewable energy, urban mobility, water, and waste.

This $250 million-target fund is reportedly being designed in collaboration with the Global Innovation Lab for Climate Finance, a public-private partnership initiative funded by the Dutch, German, Swedish, and UK governments, as well as the Rockefeller Foundation.

Through the platform, ARM-Harith intends to use its relationships with regional pension funds and International DFIs to mobilize international capital and domestic pension savings into infrastructure which supports a low-carbon future.

Original article at Energy Capital Power