Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, offering the Infrastructure Climate Resilient Fund (ICRF).

AFC Capital Partners are planning to raise US$500 million during the next 12 months and US$2 billion over the next three years. The ICRF will act as a direct investor and a co-investment fund with a focus on improving the quality of African ports, roads, bridges, rail, telecommunications, clean energy, and logistics in the face of rising temperatures and sea levels due to climate change.

Africa is the continent with the least contribution to climate change but is the most exposed because of housing, transport, industrial, and energy structures are not properly prepared to survive storms, floods, droughts, wildfires, and other natural hazards.