EIB plans to invest US$40 mn in Acre Export Fund I

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The European Investment Bank (EIB) is planning to invest US$40 million into the US$200 million Acre Export Fund I. 

The fund, managed by Acre Capital Ltd., will provide unsecured commercial loans, complementing long-term loans provided by international banks that are guaranteed by Export Credit Agencies to finance sustainable greenfield infrastructure projects in Africa. The fund's focus is on renewable energy, health, food and water scarcity, sustainable cities and green transportation sectors.

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