Schroders Capital, BlueOrchard Invest $5m in Africa's Green Projects
Africa gets financial backing for climate change mitigation and adaptation efforts.
The investment advances climate-resilient infrastructure in Africa.
BlueOrchard, a top global impact investment manager, and Schroders Capital, a private-market specialist, have invested USD 5 million through the Green Earth Impact Fund (GEIF) for climate change mitigation efforts across Africa.
The investment is in the African Infrastructure Investment Fund 4 (AIIF4), which aims to tackle climate change and sustainably develop African regions.
What is GEIF?
GEIF is a fund jointly managed by BlueOrchard and Schroders Capital. It pools money to invest in funds focusing on reducing carbon emissions, protecting biodiversity, improving water access, adapting to climate change, and more.
What is AIIF4?
The fund is managed by African Infrastructure Investment Managers (AIIM), specialising in infrastructure projects across Africa, with a focus on climate and renewable energy solutions, cold storage for food, and sustainable data centres. AIIM has over 10 years of experience in this sector.
The outlay will support climate-focused projects in South Africa, Morocco, and other Sub-Saharan African countries.
Daniel Freedman, Senior Portfolio Manager at Schroder Investment Management Limited, said: “AIIM is proven in their field, with a robust track record in infrastructure investment across Africa. The team’s steadfast dedication to generating impactful climate solutions resonates deeply with our mission. We are thrilled to allocate GEIF’s latest investment to this Fund and look forward to working collaboratively in driving climate solutions across Africa.”
Paul Frankish, Head of Strategic Initiatives at African Infrastructure Investment Managers, said: “We are delighted to welcome GEIF as an investor into our AIIF4 Fund. The mandates of the Fund and GEIF are well-aligned to deliver climate solutions through a defined strategy to increase clean energy supply, decrease carbon intensity, and provide sustainable food security for Africa through our investments in renewable energy, green data centres, and temperature-controlled logistics. We look forward to working with GEIF to deliver on this mandate and increase sustainable infrastructure supply across Africa.”
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Source: BlueOrchard
