First 10-year tenor local currency infrastructure bond in Gabon, the CEMAC* region and Francophone Africa
Bridge Power will provide cleaner power to over a million people in Ghana
The first PHP-denominated Green Bond to list on London Stock Exchange
The first local currency corporate bond from Ghana and West Africa to list on the London Stock Exchange
The African Development Bank alongside Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), African Trade Insurance Agency (ATI) and GuarantCo, on Wednesday entered into a Memorandum of Understanding for a Co-Guarantee Platform (CGP). This initiative, the first of its kind and being promoted by the Bank, was signed on the first day of the Bank’s inaugural Africa Investment Forum in Johannesburg.
The value of innovative blended financing for major infrastructure projects in Africa was demonstrated today with the opening of the 90MW Albatros Energy Mali (AEM) power station in Hawa-Dembaya district, Mali. The plant is expected to increase Mali’s effective base load electricity capacity by 25%, providing up to 4.5 million people with improved access to power and paving the way for new renewable energy facilities.
Mixta Real Estate Plc. (“Mixta Nigeria”) has now issued a total of NGN 7.5 billion of bonds guaranteed by GuarantCo Ltd (“GuarantCo”) to support affordable housing projects in Lagos, Nigeria. The series 1 tranche, issued in 2017, was for NGN 4.5 billion and the series 2 tranche A bond was for NGN 3 billion. Alongside the series 2 tranche A bond, Mixta also raised an additional NGN 2.3 billion through an unguaranteed tranche B in which African Local Currency Bond Fund was a cornerstone investor.
PIDG companies, the Emerging Africa Infrastructure Fund (EAIF) and GuarantCo, announced today that the €78 million Akuo Kita solar power station project in Mali has achieved financial close.
GuarantCo's (A1 stable) credit profile reflects the company's solid capitalisation and strong liquidity buffers, reinforced by an absence of debt funding. Moody's Investors Service said in annual report
New funding part of £4bn for Africa announced by UK Prime Minister