Infrastructure Credit Guarantee Company Limited (InfraCredit)

Project Name:

  • InfraCredit

Project Sector:

  • Infrastructure Credit Enhancement

Project Sponsors:

  • NSIA, GuarantCo

Commencement Date / Closure Date / Completion Date

  • 20 October 2016

Project Location (Region or State):

  • Lagos, Nigeria

Project Description:

  • InfraCredit provides guarantees to enhance the credit quality of local currency debt instruments issued to finance eligible infrastructure related assets in Nigeria, thereby acting as a catalyst to attract the investment interest from pension funds, insurance firms and other long-term investors.

Benefits / Impact (Social, Economic & Others):

  • InfraCredit’s establishment has helped to channel long-term capital funding, not available from the domestic banking market – such as pension funds, insurance funds etc. –towards infrastructure entities / projects.

Project Cost / Size:

  • US$183 million

Funding structure:

  • Equity

NSIA’s interest:

  • US$25 million (31.79%)

Partners:

  • Infraco Africa
  • Africa Finance Corporation
  • African Development Bank
  • KfW