GuarantCo pockets EUR 100 million climate change loan
Published by: Sandy Bhadare at 07 Jan 2021 The French Development Agency has taken advice from Dentons on providing EUR 100 million to GuarantCo, a.
The French Development Agency has taken advice from Dentons on providing EUR 100 million to GuarantCo, a credit guarantee provider for infrastructure projects in low-income countries.
The contingent loan, which is intended to help GuarantCo fund climate change projects, is for a duration of 15 years.
The funding will help GuarantCo to develop its climate change project portfolio, as well as allowing it to continue with its expansion.
The leverage effect of the financing is three times the value of the financing, giving GuarantCo an additional guarantee capacity of EUR 300 million.
December 24 2020 / Modified on December 24 2020 The Desert to Power initiative has just received a grant of 5 million dollars from the Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB). The money will be used to finance feasibility studies for renewable energy projects developed in the G5 Sahel countries.
The financing of the
“Desert to Power” project was recently approved by the African Development Bank (AfDB). This materialised in the allocation of a grant of 5 million dollars which will be released by the Sustainable Energy Fund for Africa (SEFA), managed by the AfDB.
The funds will be used to develop the technical component of the “Desert to Power” initiative, particularly in the G5 Sahel countries (Burkina Faso, Mali, Mauritania, Niger and Chad).
Goddy Egene
InfraCredit, a specialised local currency infrastructure credit guarantee institution, has announced the completion of a $27 million equity investment by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG).
InfraCo Africa’s equity investment makes it an equivalent shareholder alongside the Nigeria Sovereign Investment Authority (NSIA) and Africa Finance Corporation.
On account of this investment, Chief Executive Officer (CEO) of InfraCo Africa, Gilles Vaes, and Chief Investment Officer of InfraCo Africa, Claire Jarratt, will join InfraCredit’s Board of Directors.
Commenting, Vaes, said: “Our equity investment in InfraCredit marks the first major transaction of our dedicated investment vehicle, InfraCo Africa Investments. The infrastructure financing gap in Africa is large and requires approaches that increase the scale and pace of infrastructure development and we are therefore pleased to support PIDG’s wider strategy of developing loca
InfraCredit gets $27m equity investment from InfraCo Africa naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
A project of the scale of the Beitbridge border renewal is rare in investor-starved Zimbabwe (Image; Newzwire)
The Beitbridge border post, one of the busiest land crossings on the continent, is getting a makeover in a US$296 million modernisation project. Here,
newZWire reports on details of the project, and the players involved.
Why does Beitbridge need the project?
Everyone who has been through Beitbridge on a hot day knows why that border post needs fixing. The delays are caused by a combination of factors, which include bureaucracy, corruption and poor infrastructure.
The delays are bad for the economy, both for Zimbabwe and South Africa.