AFC launches climate-resilient infrastructure fund in Nigeria

Africa Finance Corporation has announced the launch of Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria) to mobilise Nigerian institutional capital for climate-resilient infrastructure investments.

• AFC Capital Partners (ACP) launched ICRF Nigeria in Lagos, Nigeria on August 24, 2026; the fund is registered with the SEC as a closed-end fund.
• ICRF Nigeria is part of ACP’s US$750 million ICRF; ACP says the broader fund has a US$253 million first-loss commitment from the Green Climate Fund and aims to mobilise up to US$3.7 billion for 10 to 12 projects across Africa.
• Target sectors include renewable energy, transport and logistics, digital infrastructure, and industrial development; the fund uses blended finance and climate-risk screening across planning, design, construction, and operation.