The so-called “infrastructure finance gap” was a problem in Nigeria as in many parts of the world. Infrastructure projects like power plants and dams were very large capital investments that could generate long term consistent cash flows..
KFW Invests Additional EUR 23.5 Million Subordinated Capital in InfraCredit: In December 2019, InfraCredit announced the successful second round closing of €23.5 million (USD Equivalent) subordinated capital investment
In November, we were delighted and honoured to have been awarded the prestigious ‘Capital Markets Catalyst’ Award at the esteemed FMDQ Gold Awards Ceremony in Lagos, Nigeria, in recognition of InfraCredit’s contribution
In October, InfraCredit announced the appointment of Mr Solomon Adegbie-Quaynor as its new Independent Non-Executive Director. Mr Solomon is an Emerging Markets specialist who is sector agnostic, with over 20 years
InfraCredit Signs MOU with BPE: In July 2019, InfraCredit signed a memorandum of understanding with the Nigeria Bureau of Public Enterprises (BPE). BPE is charged with driving the Federal Government of Nigeria’s programme..
Also, in April 2019, we announced our official partnership with USAID Power Africa. We are thrilled with the prospects of working closely with the USAID Power Africa team in the coming years towards doubling access to electricity in Nigeria..
In April 2019, the Board of the African Development Bank (AfDB) approved a US$15-million investment package to InfraCredit,to support infrastructure financing through the domestic debt capital markets in Nigeria..
In February 2019, we announced our guarantee of North-South Power Company Limited’s (“NSP”) NGN8.5billion 15-Year 15.60% Series 1 Guaranteed Fixed Rate Senior Green Infrastructure Bonds Due 2034 (the “Series 1 Green Bonds”..