The bond, launched as the COP30 climate summit takes place in Brazil, is intended to provide a blueprint for further issuance to support development in the region.
In a world of political and policy headwinds, development finance institutions are aiming to mobilise private capital and innovate to build impact, said speakers at the Impact Investor conference.
The funding, led by Afreximbank’s impact investing arm, will allow the fast-growing clean transport firm to build up its battery-swapping infrastructure across African markets.
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