InfraCredit appoints Shobo independent non-executive director
InfraCredit has announced the appointment of Vivien Shobo to its board of directors as an independent non-executive director, effective 29 January 2021.
InfraCredit gets $15m investment package from AfDB
African Development Bank (AfDB) has approved a $15 million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The package comprises a subordinated loan of $10 million and a risk sharing facility of up to $5 million. This intervention will promote local currency infrastructure…
AFC invests $25m million equity in InfraCredit
Infrastructure Credit Guarantee Company Limited (InfraCredit), has announced the successful closing of a $25 million equity investment from Africa Finance Corporation (AFC), the leading infrastructure development finance institution in Africa. In this primary transaction, AFC has become a shareholder in InfraCredit alongside the Nigeria Sovereign Investment Authority (NSIA). On account of this investment, the Executive…
KfW invests €31 million in InfraCredit to enhance infrastructure in Nigeria
Largest development bank in Europe, KfW Development Bank, has invested €31 million surbordinated unsecured capital in InfraCredit to enhance infrastructure investments in Nigeria.
InfraCredit issues maiden infrastructure bond
InfraCredit, a ‘AAA’ rated infrastructure credit enhancement facility established by the Nigeria Sovereign Investment Authority (NSIA), in collaboration with GuarantCo (a Private Infrastructure Development Group company), has announced its inaugural guaranteed bond. The group said in a statement that the transaction is aimed at successfully connecting infrastructure as an asset class to the long-term local…