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.
GuarantCo provided a €3.8m 13-year Debt Service Reserve Account (DSRA) guarantee to Albatros Energy Mali.
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.
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
First offshore corporate entity to issue a local currency bond from Singapore
GuarantCo has signed a deal with Nam Long Investment Corporation (Nam Long) an affordable housing developer based in Vietnam.
Kenyans could see a decrease in the cost of electricity with the Government set to adopt local currency-based tariffs for power purchase agreements.
Since it began work in 2006, PIDG company GuarantCo has helped over 39.5 million people gain access to new or improved infrastructure.