French fund manager RGREEN INVEST and investment advisor ECHOSYS INVEST have announced the first closing of their new fund, the AFRIGREEN Debt Impact Fund. 

The first closing includes a commitment from the European Investment Bank (EIB), the International Finance Corporation (IFC), itself including a commitment from the Finland-IFC Blended Finance for Climate Program, the Belgian Investment Company for Developing Countries (BIO) and PROPARCO (French DFI, subsidiary of Agence française de développement Group). French private banks Societe Generale and BNP Paribas complete this first funding round. 

It will contribute to the achievement of the Sustainable Development Goals i.e. Clean and Affordable Energy, Industry and Infrastructure, Responsible Consumption and Production and Action on Climate Change set by the United Nations.