Through the MOBILIST programme, the UK government’s Foreign, Commonwealth and Development Office (FCDO) will invest $7 million in a climate-focused and Africa-dedicated private equity fund.
The Helios Investment Partners (Helios) and InfraCo Africa’s Climate Energy Access Resilience (CLEAR) Fund, advised by Helios, will invest and develop sustainable, climate-aligned companies and assets to accelerate decarbonisation in Africa and build climate resilience while delivering returns for investors.
InfraCo Africa, a Private Infrastructure Development Group (PIDG) company, and Helios Investment Partners jointly participated in the FCDO’s MOBILIST Competition, which sought to identify outstanding sustainable infrastructure propositions to list on international and local exchanges. Meeting MOBILIST’s development and commercial criteria for investment, the CLEAR Fund successfully completed an exhaustive process and will now receive investment from the UK government.
Once it reaches sufficient maturity and growth, the CLEAR Fund plans to list its assets on a major stock exchange. FCDO’s investment accords with MOBILIST’s mission to identify and support emerging and frontier market investment opportunities that intend to mobilise public market capital at scale and deliver development impact.