Nigeria’s first carbon-mitigating mutual fund on the Nigerian Exchange

The country’s first carbon-mitigating mutual fund to be listed on the Nigerian Exchange (NGX) is Africa Infra Plus Fund (AIFI I). This fund, which was listed on January 30, 2023, raised N20.5 billion and is managed by two asset managers: Africa Plus Partners Plc and Capitaltrust Investments and Asset Management Limited. This fund is the debut instrument on the NGX’s “Impact Board” for listings of sustainable financial instruments.

Nigerian Exchange (NGX) has listed Africa Infra Plus Fund (AIPF I), Nigeria’s first carbon-mitigating mutual fund to be quoted on the stock market.

The AIPF 1 is a N20.5 billion, naira-denominated, closed-end infrastructure fund being co-managed by Africa Plus Partners Plc and Capitaltrust Investments & Asset Management Limited.

AIPF 1’s structure is a pool of equity and quasi-equity investments in carbon+ infrastructure projects that promote sustainable development including 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.

“We are proud to be at the forefront of this and look forward to more exploits as we drive growth in the capital market,” Popoola said.