InfraCredit

AFDB APPROVES INVESTMENT PACKAGE TO INFRACREDIT IN NIGERIA

Posted on by Gambeta News
AFDB APPROVES INVESTMENT PACKAGE TO INFRACREDIT IN NIGERIA

InfraCredit aims to support up to $1.25 billion in infrastructure after approval from AFDB. Africa development bank (AFDB) has approve US$15 million for investment package to infrastructure Credit Guarantee Company (InfraCredit). The fund will be use to help support infrastructure financing through the domestic debt capital markets in Nigeria. InfraCredit is a specialized infrastructure credit guarantee company that is focus on enhancing credit local currency debt instruments – mainly bonds. It is use to uplift the credit rating of…

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NIGERIA RECEIVES €31m FROM GERMANY’S KfW DEVELOPMENT BANK

Posted on by Gambeta News
NIGERIA RECEIVES €31m FROM GERMANY’S KfW DEVELOPMENT BANK

KfW development Bank supports Nigeria’s Infrastructure development with €31 million investment. To help boost infrastructure development in Nigeria; the largest investment bank in Europe, KfW Development Bank have invested €31 million. Receiving the €31 million investment is Infrastructure Credit Guarantee Company Ltd (InfraCredit).  InfraCredit is a specialised infrastructure credit enhancement facility by the Nigeria Sovereign Investment Authority (NSIA). NSIA purpose for establishing InfraCredit is to in fact effectively help enhance infrastructure investments in Nigeria. The 10-year…

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