African Development Bank Loans $15 million to InfraCredit
Posted on 04/23/2019
African Development Bank’s board approved a US$ 15 million debt package to Infrastructure Credit Guarantee Company (InfraCredit). InfraCredit is a specialized infrastructure credit guarantee company that was formed by the Nigerian Sovereign Investment Authority (NSIA) in collaboration with GuarantCo.
The investment package to InfraCredit is comprised of subordinated loan of US$ 10 million and a risk sharing facility of up to US$ 5 million.