InfraCredit, an 'AAA' rated specialised infrastructure credit guarantee institution, has announced the successful completion of a $15 million subordinated unsecured 10-year facility with the African Development Bank Group (AfDB).
InfraCredit, an 'AAA' rated specialised infrastructure credit guarantee institution, has announced the successful completion of a $15 million subordinated unsecured 10-year facility with the Africa n Development Bank Group .
Specifically, the $15m facility strengthens InfraCredit's capital base and supports its mission to bridge Nigeria's infrastructure financing gap. The facility will boost private sector financing for critical infrastructure projects across sectors such as power, renewable energy, telecommunications, healthcare, green housing, and transportation.
This investment aligns with AfDB's support for InfraCredit's Clean Energy Transition Strategy and Roadmap, as well as InfraCredit's green finance achievements. It reflects AfDB's commitment to promoting low-carbon development and climate mitigation by leveraging private sector climate finance.
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