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Unlocking investment into Africa’s urban markets
We are developing a blended finance facility that provides technical support and investment into climate resilient infrastructure in African cities.
Years active:
2024 - Present
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Unlocking investment into Africa’s urban markets arrow_outwardRelated ICLEI Pathway(s)
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Project summary
The Resilient Municipal Market Fund (ReMark) aims to improve the functionality and resilience of urban food markets across Africa by expanding the pool of finance available to market operators for market upgrading. Urban food markets are a primary node of infrastructure on which the urban food system is built across Africa. However, climate-induced weather events such as extreme heat and intense flooding pose accelerating risks to both the specific assets and activities of these markets as well as the broader agri-food systems in which they are situated. The ReMark instrument consists of a revolving debt facility that offers loans to cities for resiliency retrofits and a technical assistance facility that supports project preparation to ensure investment readiness and a robust pipeline of investments.
The Resilient Municipal Market Fund (ReMark) aims to improve the functionality and resilience of urban food markets across Africa by expanding the pool of finance available to market operators for market upgrading. Urban food markets are a primary node of infrastructure on which the urban food system is built across Africa. However, climate-induced weather events such as extreme heat and intense flooding pose accelerating risks to both the specific assets and activities of these markets as well as the broader agri-food systems in which they are situated. The ReMark instrument consists of a revolving debt facility that offers loans to cities for resiliency retrofits and a technical assistance facility that supports project preparation to ensure investment readiness and a robust pipeline of investments.
Project aims
ReMark aims to support municipal markets across Africa to build urban infrastructure resilience, reduce food waste, improve food security, safeguard vulnerable livelihoods, and reduce greenhouse gas emissions.
ReMark aims to support municipal markets across Africa to build urban infrastructure resilience, reduce food waste, improve food security, safeguard vulnerable livelihoods, and reduce greenhouse gas emissions.
Project partners
Project resources
Resilient Municipal Market Fund (ReMark) Overview
Resilient Municipal Market Fund (ReMark) Overview
Resilient Municipal Market Fund (ReMark) Instrument Analysis
team manager
Main project contact
Dr Luke Metelerkamp
Senior Professional Officer: Urban Systems
The project team
Unlocking investment into Africa’s urban markets team
