In a significant boost to Africa's climate resilience and sustainable development, Helios Investment Partners has announced the successful raising of an initial $200 million for its Climate, Energy Access, and Resilience (CLEAR) Fund. This fund is dedicated to financing mid-sized African companies operating in sectors such as low-carbon energy, climate-smart agriculture, climate-friendly mobility, recycling, and digital climate solutions.
Reuters
The CLEAR Fund aims to reach a total of $400 million, with substantial backing from prominent institutions, including the European Investment Bank and the Dutch development bank. The UK's development finance institution has also contributed, underscoring the global commitment to supporting Africa's green transition.
Reuters
UK Minister for Development, Anneliese Dodds, emphasized the importance of this initiative, stating, "The UK's support for Helios' CLEAR Fund demonstrates our commitment to leading climate action globally."
Reuters
This substantial investment is poised to accelerate the adoption of sustainable practices across the continent, fostering economic growth while addressing pressing environmental challenges.
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