• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

InfraCredit gets AFC’s $25 million Equity Investment

Adaobi Nnadiukwu by Adaobi Nnadiukwu
December 20, 2018
in Business News, Company News
InfraCredit - Chinua Azubike

Chinua Azubike, the MD of InfraCredit

Share on FacebookShare on TwitterShare on Linkedin

Infrastructure Credit Guarantee Company Limited (InfraCredit) has recently closed a $25 million equity investment from Africa Finance Corporation (AFC), the leading infrastructure development finance institution in Africa.

This automatically makes AFC, a share holder in InfraCredit together with the Nigeria Sovereign Investment Authority (NSIA). Also as a result of this investment, the Executive Director, Financial Services of AFC, Sanjeev Gupta, and treasurer/Senior Director of AFC, Banji Fehintola, will join InfraCredit’s Board of Directors.

Still on the concluded transaction, the Chairman of InfraCredit, and the Managing Director/Chief Executive Officer, NSIA, Uche Orji, said

RelatedStories

InfraCredit’s guarantee supports affordable housing project with modern shelter’s debt transaction funded by Shelter Afrique Development Bank     

InfraCredit reports N1.8 billion profit in the first Q1 2025, down 95% YoY 

June 20, 2025
InfraCredit’s Guarantee supports GNLG’s issuance of N11.85b 10-year Senior Guaranteed Fixed-Rate Series II Infrastructure Bonds due 2035 

InfraCredit’s Guarantee supports GNLG’s issuance of N11.85b 10-year Senior Guaranteed Fixed-Rate Series II Infrastructure Bonds due 2035 

March 10, 2025

“We are pleased to welcome AFC as a partner and stakeholder of InfraCredit, and we are extremely pleased that a respected, long-term oriented partner like AFC shares our views about the vast opportunities ahead for InfraCredit”.

About InfraCredit               

InfraCredit was established in January by the NSIA in collaboration with Guaranty Co (a member of the private infrastructure development group).

Its aim is to provide local currency guarantees to improve the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria. The company maintains an ‘AAA’ long-term national scale credit rating from Agusto & Co and GCR.

In November 2018, InfraCredit secured a €31 million worth of investment capital from KFW Development Bank in Europe for the aim of facilitating infrastructural development in Nigeria.

About AFC

AFC is an international institution established in 2007, by treaty between independent sovereign states. Its aim is to be the leading African institution in infrastructure financing on the continent, foster economic growth and industrial development of African countries, while delivering a competitive return on investment to their shareholders.

The Corporation has an investment grade rating of A3 (long-term issuer) and P-2 (short-term issuer) from Moody’s Investors Services.

In November 2018, AFC acquired a credit facility of $200 million 5-year loan and a $100 million 5-year stand-by facility from the Export-Import Bank of China (CEXIM).

Tags: AFCInfraCreditNSIA
Adaobi Nnadiukwu

Adaobi Nnadiukwu

Related Posts

InfraCredit’s guarantee supports affordable housing project with modern shelter’s debt transaction funded by Shelter Afrique Development Bank     
Company Results

InfraCredit reports N1.8 billion profit in the first Q1 2025, down 95% YoY 

June 20, 2025
InfraCredit’s Guarantee supports GNLG’s issuance of N11.85b 10-year Senior Guaranteed Fixed-Rate Series II Infrastructure Bonds due 2035 
Companies

InfraCredit’s Guarantee supports GNLG’s issuance of N11.85b 10-year Senior Guaranteed Fixed-Rate Series II Infrastructure Bonds due 2035 

March 10, 2025
InfraCredit’s Guarantee, supported by UK-Funded CFBF, mobilises First Guaranteed Fixed-Rate Senior Green Infrastructure Forward Ijarah Lease Sukuk for a Solar Powered Rural Infrastructure Project in Nigeria 
Companies

InfraCredit’s Guarantee, supported by UK-Funded CFBF, mobilises First Guaranteed Fixed-Rate Senior Green Infrastructure Forward Ijarah Lease Sukuk for a Solar Powered Rural Infrastructure Project in Nigeria 

December 17, 2024
InfraCredit secures a US$30 million Risk Sharing and Blended Local Currency Co-financing Facility from British International Investment to Support Decentralised Renewable Energy Projects in Nigeria  
Companies

InfraCredit secures a US$30 million Risk Sharing and Blended Local Currency Co-financing Facility from British International Investment to Support Decentralised Renewable Energy Projects in Nigeria  

November 14, 2024
NSIA, Siemens Healthineers sign agreement to strengthen cancer care infrastructure in Nigeria 
Health

NSIA, Siemens Healthineers sign agreement to strengthen cancer care infrastructure in Nigeria 

November 9, 2024
Fitch Ratings affirms InfraCredit’s insurer financial strength (IFS) National rating At ‘Aaa(Nga)’ with a stable outlook 
Companies

Fitch Ratings affirms InfraCredit’s insurer financial strength (IFS) National rating At ‘Aaa(Nga)’ with a stable outlook 

August 21, 2024
Next Post
Investors lose N713 billion in Nigerian Stock Exchange, Bargain hunting in stock market

Nigerian Stock Market Gainers and Losers (Updated 12/20/2018)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Weekly Market Wrap: Customs Street records best week yet as heavyweight stocks power 5,436-point surge in All-Share Index 
  • Lagos to host Africa’s first electric boat race in October 2025 – Gov. Sanwo-Olu 
  • How rate hikes reshape fixed-income strategy 

Follow us on social media:

Recent News

FTN COCOA, UNITY BANK leads as NGX top gainers for the week

Weekly Market Wrap: Customs Street records best week yet as heavyweight stocks power 5,436-point surge in All-Share Index 

July 20, 2025
Lagos to host Africa’s first electric boat race in October 2025 – Gov. Sanwo-Olu 

Lagos to host Africa’s first electric boat race in October 2025 – Gov. Sanwo-Olu 

July 20, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics