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AfDB approves $15 million loan...

AfDB approves $15 million loan to InfraCredit...

AfDB approves $15 million loan to InfraCredit for infrastructure financing in Nigeria

AfDB approves $15 million loan to InfraCredit for infrastructure financing in Nigeria The African Development Bank (AfDB) has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company Limited (InfraCredit) in order to strengthen its capital base and address Nigeria's infrastructure financing gap. The financing will enable InfraCredit to leverage domestic capital markets and enhance access to long-term local currency infrastructure financing in Nigeria. This loan complements the investment made by the African Development Bank and other partners in 2019, which aimed to mobilize domestic institutional capital for infrastructure projects. InfraCredit,...
Maryam Umar -
Africa

AfDB approves $15...

AfDB approves $15 million loan to InfraCredit for infrastructure financing in Nigeria The African Development Bank (AfDB) has approved a $15 million subordinated loan to...
Maryam Umar -
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