Follow a 
See our 
View our
Download the
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
Visit the website
Unlocking investment into Africa’s urban markets arrow_outwardRelated ICLEI Pathway(s)
Locations
Funded by
About
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) Instrument Analysis
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
Paul Currie
Director: Urban Systems Unit
Dr Meggan Spires
Director: Climate Change, Energy & Resilience
Stéphanie Bich Canac
Senior Specialist: Climate Change & Climate Finance
Stéphanie Canac is an economist with 8 years of experience in strategy, finance and infrastructure project preparation. She worked on a wide range of infrastructure and blue economy projects in Africa and recently joined ICLEI Africa to support the climate change team with its finance work.
Amy Murgatroyd
Professional Officer: Urban Systems
Amy is driven by work that has an impact on both people and the environment, and is especially interested in how these interact in urban food systems. She has a Master’s degree in Sustainable Development, specialising in transformative Afro-centric monitoring and evaluation approaches, and she has seven years of experience working in sustainable procurement, urban farming and food security initiatives. Amy has a keen interest in project management, and enjoys designing and facilitating participatory workshops.
