Acre Export Finance Fund I in line for investment from European LP
The European Investment Bank (EIB) has proposed a $40 million investment in Acre Export Finance Fund I, managed by Acre Impact Capital.
The fund will finance infrastructure projects in the renewable energy, health, food and water scarcity, sustainable cities and green transportation sectors in Africa. It will provide unsecured commercial loans to complement long term loans provided by international banks that are guaranteed by export credit agencies to finance sustainable greenfield infrastructure projects.
Acre Export Finance Fund I has a target size of $200 million.