InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and Helios Investment Partners (Helios) have partnered to create a Climate, Energy Access and Resilience (CLEAR), a a pan-African investment fund focusing on climate-aligned infrastructure and business growth.

The fund will invest in climate-focused projects across three core themes: clean energy and the energy transition, green transportation and mobility, and sustainable growth and consumption. The target size of the fund is US$350 million. CLEAR will provide at least 100,000 new jobs, connect more than 1 million people to power for the first time and avoid 100 million tonnes of carbon emissions.