Victoria Island-based solar energy distribution company, Arnergy, has raised USD 9 Mn in Series A to fund its commercial growth with new business models, improve on partnership avenues, and expand its activities. The funding round was led by Breakthrough Energy Ventures, while Shell-funded All On Energy, the European Union-backed ElectriFI and the Norwegian Investment Fund […]
Nigeria to issue green bond of up to $49 million
The government had previously said it was planning a bond programme for environmental projects as part of its move to align with a global push to expand the market for finance to fight climate change ABUJA: Nigeria will issue a green bond of up to 15 billion naira ($49 million) to fund environmental projects, the […]
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. […]