Home Tag "African Development Bank"

Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company

The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing facility of up to $5 million. […]

AfDB develops financing instruments for engaging off-grid sector by invest in FEI

Energy stakeholders call for new financing mechanisms to support off-grid and mini-grid connectivity in Africa Energy industry stakeholders attending the 5th Energy Access Investment Forum have called for a restructuring of the financing mechanisms enabling the development of off-grid and mini-grid connectivity in Africa. “Meeting the universal electricity access objects within the next decade will […]

African Development Bank, Nordic Development Fund and Partners launch Off-Grid Energy Access Fund with US$58 million

The African Development Bank, the Nordic Development Fund and other partners have committed US$ 58 million to support the Off-Grid Energy Access Fund (OGEF). The Fund is part of the Bank’s sponsored Facility for Energy Inclusion (FEI), a US$500 million debt platform to mobilize capital market funds for innovative energy access strategies. The first financial […]

African Development Bank, Nordic Development Fund and Partners launch Off-Grid Energy Access Fund with US$58 million

The African Development Bank, the Nordic Development Fund and other partners have committed US$ 58 million to support the Off-Grid Energy Access Fund (OGEF). The Fund is part of the Bank’s sponsored Facility for Energy Inclusion (FEI), a US$500 million debt platform to mobilize capital market funds for innovative energy access strategies. The first financial […]