South Africa-based Rand Merchant Bank (RMB) has invested in Acre Export Finance Fund I, targeting commercial debt tranches of Export Credit Agency (ECA) transactions supporting climate-aligned infrastructure in Africa. The fund, with its first close raising about $100 million, aims to finance projects in renewable power generation, health, food, water scarcity, sustainable cities, and green transportation. By unlocking the ECA guaranteed part of transactions, the fund aims to mobilize up to $2 billion toward impactful projects, addressing Africa's infrastructure financing gap, estimated at over $100 billion annually.
Acre Export Finance Fund will align investments with the UN’s Sustainable Development Goals and leverage industry-leading frameworks for impact reporting, showcasing RMB's commitment to sustainable finance and Africa's transition to a lower carbon economy. With RMB's investment, African financial institutions contribute to solving African problems, supporting climate-aligned essential infrastructure financing in the region.