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ICLEI Africa

Location

South Africa

Sector

Waste Management

Stage

Pre-feasibility
Overview

ReMark is a blended finance facility designed to build climate-resilient urban food markets across Africa by addressing key infrastructure challenges and reducing food waste. With a focus on both climate adaptation and mitigation, the facility will target vulnerable market systems facing climate risks, including extreme heat, flooding, and food spoilage, while advancing gender equity by supporting women-led market vendors.

ReMark will deploy a combination of debt, grants, and technical assistance to municipal markets, aiming for a facility size of USD 35 million.

Investment Needs

$35 000 000

Investment Project Type:

Public

Invested Value to Date:

NA

Funding Gap:

$35 000 000

Climate Classification:

Cross Cutting

Why Investing

1
Innovative Market Entry
This is the first instrument specifically targeting fresh food markets, with the goal of further validating the investment case and demonstrating significant potential for growth and profitability.
2
Leveraged Financial Support
The initiative makes strategic use of concessional debt and grant funding, enhancing the overall financial structure and reducing investment risk through additional funding sources.
3
Robust Social and Environmental Impact
The investment promises a substantial positive impact on both social and environmental fronts, aligning with the growing demand for responsible and sustainable investment opportunities.
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