• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, February 2, 2023
Leadership News
Read in Hausa
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
Leadership News
No Result
View All Result
Home News Business

Africa Plus Partners List N20.5bn Carbon Mitigation Fund On NGX

by Olushola Bello
1 week ago
in Business
Reading Time: 2 mins read
NGX
Share on WhatsAppShare on FacebookShare on TwitterTelegram

The Nigerian Exchange Limited (NGX) has listed Africa Infra Plus Fund (AIPF 1) N20.5 billion closed-end infrastructure fund on its platform.

The Fund listed yesterday on NGX was co-managed by Africa Plus Partners Plc and Capitaltrust Investments & Asset Management Limited, AIPF 1 is Nigeria’s first Carbon+ (ESG-focused) naira-denominated infrastructure fund to be listed on the Exchange.

AIPF 1’s structure is a pool of equity and quasi-equity investments in Carbon+ infrastructure projects that promote sustainable development including, but not limited to roads, power, water supply, wastewater management, ports, and airports. 

The Fund also acquires the shares and other investment instruments issued by socially responsible entities carrying on infrastructure business or executing infrastructure projects exclusively.

Speaking on the development, the chief executive officer, NGX, Mr. Temi Popoola, stated that, “the listing marks a significant milestone in our commitment to promoting sustainable investing and reducing the drivers and impact of climate change. We are proud to be at the forefront of this and look forward to more exploits as we drive growth in the capital market.”

NGX NGX NGX
ADVERTISEMENT

The chairman of Africa Plus Partners, Anhad Narula said: “this is a sustainable infrastructure fund that specialises in carbon mitigating infrastructure investments.”

RELATED

LCCI Seeks Continuous Govt Effort To Create Enabling Business Environment

LCCI Laments Negative Impact Of Naira Redesign On Businesses

16 hours ago
FIRS

Public Service Recognition, Morale Booster For Us – Nami

16 hours ago

He noted that, the fund, whose investors include ordinary Nigerians via their pension fund administrators, is committed to investing in sustainable infrastructure businesses that align with the global energy transition and move towards cleaner sources of energy and efficiently run, sustainable infrastructure and utility services.

Also, the managing director, Africa Plus Partners, Mr Adeniran Ajakaiye, stated that, “with this listing, we aim to demonstrate the highest levels of good governance and transparency, as we continue to deliver active returns to shareholders, whilst addressing Nigeria’s ‘missing middle’ infrastructure gap.”

AIPF aims to address the imbalance between the need for infrastructure development and the concerns about environmental and social impact by investing in projects that meet strict ESG criteria.

The listing of the fund on NGX is a clear indication of the growing interest and demand for sustainable investing in Africa and the Exchange’s commitment to the same. 

NGX also plans to launch an Impact Board to further give visibility to sustainable financial instruments listed on the Exchange and to encourage more listings in the sustainable finance segment as part of its sustainability drive for the capital market.

 

Tags: NGX
SendShareTweetShare
Previous Post

Customs Generates N229.4bn From Vehicles Import

Next Post

Nigeria To Woo Investors At London Energy Conference

Olushola Bello

Olushola Bello

YOU MAY LIKE

LCCI Seeks Continuous Govt Effort To Create Enabling Business Environment
Business

LCCI Laments Negative Impact Of Naira Redesign On Businesses

16 hours ago
FIRS
Business

Public Service Recognition, Morale Booster For Us – Nami

16 hours ago
NBCC To Engage NPA, Others On Bottlenecks In Export Process
Business

Lagos Accident: NPA Begins Strict Enforcement Of Truck Safety Standard  

17 hours ago
Next Post
Minister Absent As Reps Probe Fuel Subsidy

Nigeria To Woo Investors At London Energy Conference

ADVERTISEMENT

LATEST UPDATES

Leaked Sex Tape: Court Awards N5m Damages Against Singer

Leaked Sex Tape: Court Awards N5m Damages Against Singer

February 2, 2023
Troops Dislodge Bandits, Rescue 30 Kidnap Victims In Kaduna

Troops Dislodge Bandits, Rescue 30 Kidnap Victims In Kaduna

February 2, 2023
Atiku: Revocation Of Campaign Venue By Rivers Gov’t Not Surprising – PDP Council

PDP To Wike: You’ve Directed Your Aides, Others To Vote Tinubu But Lacks Courage To Say It Publicly

February 2, 2023
Controversial Kano TikToker, Murja Kunya, Remanded In Prison Custody

Controversial Kano TikToker, Murja Kunya, Remanded In Prison Custody

February 2, 2023
Full Stake Casino Review 2023 — Overview, Casino, Bonuses, and Features!

Full Stake Casino Review 2023 — Overview, Casino, Bonuses, and Features!

February 2, 2023
Atiku: Revocation Of Campaign Venue By Rivers Gov’t Not Surprising – PDP Council

Atiku: Revocation Of Campaign Venue By Rivers Gov’t Not Surprising – PDP Council

February 2, 2023
Fragile Borders Fueling Terrorism, Economic Sabotage, Illicit Flow Of Arms – Buhari

Fragile Borders Fueling Terrorism, Economic Sabotage, Illicit Flow Of Arms – Buhari

February 2, 2023
JUST-IN: Southern, Middle Belt Leaders Endorse Peter Obi

JUST-IN: Southern, Middle Belt Leaders Endorse Peter Obi

February 2, 2023

© 2022 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast

© 2022 Leadership Media Group - All Rights Reserved.