Punch Newspapers Sections Nike Popoola InfraCredit, ‘AAA’ rated specialised local currency infrastructure credit guarantee institution, has announced the completion of a c. $27m equity investment by InfraCo Africa, part of the Private Infrastructure Development Group. It disclosed this in a statement on Thursday titled ‘InfraCo Africa invests in InfraCredit to unlock infrastructure finance in Nigeria’. The firm said InfraCo Africa’s equity investment, made through its dedicated investment vehicle makes InfraCo Africa an equivalent shareholder alongside the Nigeria Sovereign Investment Authority and Africa Finance Corporation. On account of this investment, the statement said the Chief Executive Officer, InfraCo Africa, Gilles Vaes, and Chief Investment Officer, InfraCo Africa, Claire Jarratt, will join InfraCredit’s board of directors.