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Nov 2018

African Development Bank, International Financial Institutions launch First-ever Co-Guarantee Platform

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.

Nov 2018

25% electricity boost for Mali as €122 million power station opens Project supported by PIDG companies’ collaborative blended finance approach


GuarantCo provided a €3.8m 13-year Debt Service Reserve Account (DSRA) guarantee to Albatros Energy Mali.

Oct 2018

Second tranche of GuarantCo-guaranteed Mixta Nigeria NGN 7.5 billion bond programme is issued to support two affordable housing projects in Lagos


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.

Oct 2018

The Emerging Africa Infrastructure Fund and GuarantCo supporting €78m Akuo Kita solar power plant in Mali.

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.

Sep 2018

Moody's: GuarantCo's credit profile reflects its solid capitalisation and strong liquidity buffers

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

Aug 2018

PIDG announces new funding of up to £500m

New funding part of £4bn for Africa announced by UK Prime Minister

Aug 2018

GuarantCo guarantees local currency Green Bonds, totalling USD 60 million, for Sindicatum Renewables to support solar and wind projects in India and the Philippines

First offshore corporate entity to issue a local currency bond from Singapore

Jun 2018

GuarantCo guarantees VND 660 billion Nam Long Investment Corporation bond

GuarantCo has signed a deal with Nam Long Investment Corporation (Nam Long) an affordable housing developer based in Vietnam.

Jun 2018

Adoption of Local Currency Tariff Power Purchase agreements to ease cost of power

Kenyans could see a decrease in the cost of electricity with the Government set to adopt local currency-based tariffs for power purchase agreements.

May 2018

GuarantCo announces 2017 impact results

Since it began work in 2006, PIDG company GuarantCo has helped over 39.5 million people gain access to new or improved infrastructure.

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