ARM-Harith Infrastructure Investments Limited has announced the launch of the ARM-Harith Cities and Climate Transition (ACT) Fund endorsed by the Global Innovation Lab for Climate Finance. 
This organization is a Mauritius regulated infrastructure fund manager and also the parent company of ARM-Harith Infrastructure Investment Limited Nigeria.
The fund worth $250 million was designed in collaboration with a public-private partnership initiative funded by the Dutch, German, Swedish and UK governments, called the Lab as well as the Rockefeller Foundation.
The ACT Fund represents a pillar of ARM-Harith’s sustainable infrastructure investment platform and will focus on investing in urban climate infrastructure solutions with an initial focus on renewable energy, urban mobility, water, and waste.
The platform will enable ARM-Harith leverage its relationships with regional pension funds and International DFIs to mobilise international capital and domestic pension savings into infrastructure, which supports a low-carbon future.
ARM-Harith will be working with its relevant stakeholders to ensure long-term sustainability of its investments in alignment with the Sustainable Development Goals.
Tariye Gbadegesin, CEO at ARM-Harith, announced, “We are thrilled to build on the track-record of our first fund ARMHIF 1 to establish a broad-based climate infrastructure investment programme in partnership with global financial institutions to mobilise climate finance to West Africa and importantly, Nigeria.”