The Board of the African Development Bank (AfDB) Approved a US$15-Million Investment Package To InfraCredit

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. The investment package comprises of a subordinated loan of US$10 million and a risk-sharing facility of up to US$5 million. This intervention will promote local currency infrastructure financing and further development of the domestic capital market. (African Development Bank) AfDB’s investment in InfraCredit will catalyze local institutional investor funds, including pension funds, into financing long-term infrastructure projects through the local bond markets. The investment will boost InfraCredit’s qualifying capital base through the subordinated loan; it also improves the capacity to expand our guarantee business through the proposed risk-sharing arrangement.