RMB Invests in Acre Impact Capital’s $100 Million Fund for African Infrastructure

Rand Merchant Bank (RMB), a prominent investment and corporate banking institution in Africa, has announced its investment in the Acre Export Finance Fund I. This fund aims at the commercial debt tranches of Export Credit Agency-backed transactions to foster climate-aligned infrastructure across the continent.

The fundraising, which marked its first closure on April 17, has successfully amassed approximately $100 million in equity. These funds are designated for projects within renewable power, health, as well as addressing food and water scarcity, sustainable cities, and green transportation sectors.

Aymeric Perrin-Guinot, RMB's Senior Transactor of ECA Finance in London, highlighted that this funding initiative would potentially mobilize up to $2 billion towards impactful projects. Siyanda Mflathelwa from RMB also noted the fund’s focus on financing the typically uninsured portion of ECA transactions, thus facilitating further financial engagement in critical infrastructure projects.

The investment aligns with the UN’s 17 Sustainable Development Goals and aims to drive substantial social, environmental, and economic benefits, in line with the Paris Agreement. This reflects RMB’s commitment to sustainable finance and supporting Africa's transition to a lower carbon economy.