Acre Export Finance Fund I (DFC-2024-ACREEXPORTFIN)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Angola
  • Benin
  • Botswana
  • Gabon
  • Ivory Coast
  • Mauritius
  • Morocco
  • Mozambique
  • Namibia
  • Rwanda
  • Senegal
  • South Africa
  • Tanzania
  • Togo
  • Uganda
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Acre Export Finance Fund I LP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Oct 14, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, Acre Export Finance Fund I LP invests in climate-aligned infrastructure projects in Africa, unlocking ECA guarantees to mobilize private sector capital, thus contributing to closing the infrastructure financing gap in Africa. Target sectors include: (i) renewable energy, (ii) health, food and water scarcity (iii) sustainable cities and (iv) green transportation.

The Fund is expected to have a positive development impact in Africa by providing much needed capital to highly impactful sustainable infrastructure projects. Over a four-year investment period, the Fund expects to deploy $300 million into projects across renewable energy, health, food, and water scarcity, sustainable cities, and green transportation. By providing the commercial loan financing for each project, the Fund unlocks guarantees from export credit agencies valued at up to 85% of each project, with the potential to mobilize significant private sector capital from established international banks.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Financial Intermediaries (FI) with downstream investments that may pose high environmental and social risks are screened as Category FI-A for the purposes of environmental and social assessment.

Key risks associated with the Project include the need for rigorous E&S management systems and organizational capacity at the Fund to oversee a portfolio of medium to high-risk projects inclusive of supply chains that carry elevated labor risks under IFC Performance Standard 2. As a first-time Fund Manager, the staff have limited organizational capacity and track record. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

An equity investment of up to $25 million.

Target Fund Size: $300 million in a four-year investment period.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

the fund manager is Acre Capital Management, a private limited company incorporated under the laws of Mauritius.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Acre Capital Limited Parent Company -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

Unlike many other development finance institutions, DFC does not currently have an access to information policy.

Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia

ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)

The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.

You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability

How it works

How it works