African Development Bank makes $20m commitment

The African bank has backed Metier's second sustainable infrastructure fund.

Institution: African Development Bank
Headquarters: Abidjan, Côte d’Ivoire
AUM: $16.11bn
Bitesize: $10m-50m

African Development Bank has approved a $20 million commitment towards Metier Sustainable Capital International Fund II. The fund aims to target clean energy-generating assets and support efficient infrastructure projects in Africa.

As illustrated below, African Development Bank’s recent infrastructure commitments focus on the transport, utilities and telecoms sectors.

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