Skip to content
InfraCredit Logo
  • About us
    • Capital Providers
    • Our Board
    • Board Committee
    • Management
    • Governance
    • Our People Strategy
    • Procurement
    • Policies and Procedures
  • Our Guarantee
    • Guarantee Request
    • Our Products
    • Approval Process
  • Eligibility Criteria
  • ESG-Impact
    • ESG
    • Development Impact
    • Infrastructure Knowledge Exchange
      • Climate Finance Knowledge Exchange
  • Our Portfolio
  • Investor Relations
    • Annual General Meeting Notice
    • E-Dividend Mandate Form
    • Proxy Form
    • Audited Financial Statements
    • Unaudited Financial Statements
    • Annual Reports
    • Investor Presentations
    • Investor Factsheets
    • Shareholders Center
  • Media Center
    • Awards & Recognition
    • News & Updates
    • Press Release
    • Gallery
  • Contact
  • About us
  • Our Guarantee
  • Eligibility Criteria
  • Impact
  • Our Portfolio
  • Investor Relations
  • Media Centre
  • Contact
Close Trigger
Investor Login

InfraCo Africa invests in InfraCredit to unlock infrastructure finance in Nigeria

  • Home   |
  • InfraCo Africa invests in InfraCredit to unlock infrastructure finance in Nigeria
infrastructure finance in Nigeria

InfraCo Africa invests in InfraCredit to unlock infrastructure finance in Nigeria

  • December 3, 2020

Lagos, Nigeria, 10 December 2020 : InfraCredit, a ‘AAA’ rated specialised local currency infrastructure credit guarantee institution, is pleased to announce the completion of a c. US$27 million equity investment by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG). InfraCo Africa’s equity investment, made through its dedicated investment vehicle, makes InfraCo Africa an equivalent shareholder alongside the Nigeria Sovereign Investment Authority (NSIA) and Africa Finance Corporation. On account of this investment, Gilles Vaes, Chief Executive Officer (CEO) of InfraCo Africa, and Claire Jarratt, Chief Investment Officer of InfraCo Africa, will join InfraCredit’s Board of Directors.

InfraCo Africa’s CEO, Gilles Vaes, said, “Our equity investment in InfraCredit marks the first major transaction of our dedicated investment vehicle, InfraCo Africa Investments. The infrastructure financing gap in Africa is large and requires approaches that increase the scale and pace of infrastructure development and we are therefore pleased to support PIDG’s wider strategy of developing local capital markets to unlock vital infrastructure finance in Nigeria.” He continued, “InfraCredit’s innovative model promotes capital flows from Nigerian institutional investors into local infrastructure developments. We are confident that this partnership will leverage the unique skills, experience and expertise offered by InfraCo Africa to support InfraCredit in underpinning projects that will create jobs, reduce poverty and promote economic growth in Nigeria.”

Pursuant to the new equity investment, InfraCredit’s total capital base (paid-in and callable capital) will increase to $173 million (c. NGN 68.3 billion), translating to an aggregate guarantee issuing capacity of up to NGN 342 Billion (c. US$ 865 million) based on its current maximum capital leverage ratio of up to 5x allowable by its rating agencies.

Given the adverse impact of the COVID 19 pandemic on the Nigerian economy, InfraCo Africa’s investment will engender confidence in InfraCredit’s credit standing, enhancing its ability to continue to increase private sector financing for infrastructure projects in key sectors such as healthcare, transport and logistics, power, renewable energy and agriculture, amongst others.

According to the Chief Executive Officer of InfraCredit, Chinua Azubike, “We are pleased to welcome InfraCo Africa, a respected and highly experienced infrastructure investor, as an equity investor and stakeholder of InfraCredit, in pursuit of our mission and strategic growth. The timely completion of this equity issuance further bolsters our balance sheet and reinforces InfraCredit’s strong fundamentals and ability to deliver shareholder value. We believe this equity investment marks a significant milestone and inflection point for InfraCredit in unlocking more infrastructure investments that will stimulate economic growth and market development. With the economic impact of COVID 19, our essentiality in deepening the domestic bond market and mobilising private capital for infrastructure investments has never been more timely and important than it is today, as the Nigerian economy shifts towards recovery.”

GuarantCo and the Nigeria Sovereign Investment Authority (NSIA) established the Nigerian Infrastructure Credit Enhancement Facility (InfraCredit) in 2017 with support from PIDG Technical Assistance. InfraCredit was established to act as a market champion for the development of the local debt capital markets and to mobilise long-term investment from local institutional investors (e.g. pension funds, insurance companies) and finance infrastructure projects in Nigeria in local currency.

– ENDS –

InfraCredit Media & Guarantee Enquiries

For further enquiries, please contact:

Infrastructure Credit Guarantee Company Limited
Guarantee Enquiries : [email protected]
Phone: +234 631 2300

Quick link

  • Awards & Recognition
  • Media center
  • News & Updates
  • Projects
  • Training

INFRACREDIT’S GUARANTEE SUPPORTS CRANEBURG EKSG MOTORWAY COMPANY PLC’S ISSUANCE OF NGN32.50 BILLION 20-YEAR SENIOR GUARANTEED FIXED-RATE INFRASTRUCTURE BONDS DUE 2045

April 24, 2025

Lagos, 24 April 2025: InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, is pleased to

INFRACREDIT SECURES STRATEGIC INVESTMENT FROM MOBILIST AND MARKS ITS LISTING ON NASD AS IT TRANSITIONS TO A PUBLIC COMPANY

April 14, 2025

Lagos, Nigeria | 14 April 2025: InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, is

INFRACREDIT’S GUARANTEE SUPPORTS GREEN LIQUIFIED NATURAL GAS LIMITED (GLNG)’S ISSUANCE OF NGN11.85 BILLION 10-YEAR SENIOR GUARANTEED FIXED-RATE SERIES II INFRASTRUCTURE BONDS DUE 2035

March 10, 2025

Lagos, 10 March 2025: InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, is pleased to announce

Loading...

InfraCredit Capacity Building Report 2022

As at first quarter of 2019, InfraCredit, through its guarantees, facilitated firsttime access …
 Downoad Brochure

InfraCredit Capacity Building Report 2021

As at first quarter of 2019, InfraCredit, through its guarantees, facilitated firsttime access …
 Downoad Brochure

InfraCredit Capacity Building Report 2020

As at first quarter of 2019, InfraCredit, through its guarantees, facilitated firsttime access …
 Downoad Brochure

InfraCredit Capacity Building Report 2018

As at first quarter of 2019, InfraCredit, through its guarantees, facilitated firsttime access …
 Downoad Brochure
Facebook
Twitter
LinkedIn
Previous InfraCredit Completes Drawdown Of AFDB USD$ 10 Million Subordinated Unsecured 10-Year Facility Next InfraCredit’s Guarantee Supports Transport Services Limited’s (TSL) Issuance of A ₦12 Billion 10 Year Senior Guaranteed Fixed Rate Series 1 Infrastructure Bonds Due 2030
NEWSLETTER & UPDATES

Subscribe to our newsletter to get our latest updates & news

QUICK LINKS
  • About Us
  • Our Guarantee
  • Eligibility Criteria
  • Sustainability
  • Our Portfolio
  • Investor Factsheet
  • Media Centre
  • ESG Disclosure
  • Complaint Channel
-
  • Our Board
  • Board Committee
  • Our People Strategy
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Careers
  • InfraCredit STAR Academy Programme
  • Guarantee Request
CONTACT US
  • 1, Adeyemo Alakija Street, Victoria Island,
    Lagos, Nigeria
  • +234 (01) 631 2300 – 29
  • [email protected]
  • © 2025 All rights reserved by InfraCredit
Youtube Linkedin Twitter
InfraCredit Logo
Menu
  • About us
    • Capital Providers
    • Our Board
    • Board Committee
    • Management
    • Governance
    • Our People Strategy
    • Procurement
    • Policies and Procedures
  • Our Guarantee
    • Guarantee Request
    • Our Products
    • Approval Process
  • Eligibility Criteria
  • ESG-Impact
    • ESG
    • Development Impact
    • Infrastructure Knowledge Exchange
      • Climate Finance Knowledge Exchange
  • Our Portfolio
  • Investor Relations
    • Annual General Meeting Notice
    • E-Dividend Mandate Form
    • Proxy Form
    • Audited Financial Statements
    • Unaudited Financial Statements
    • Annual Reports
    • Investor Presentations
    • Investor Factsheets
    • Shareholders Center
  • Media Center
    • Awards & Recognition
    • News & Updates
    • Press Release
    • Gallery
  • Contact
Investor Login