Leadway Assurance becomes first private institutional investor member in InfraCredit

NIGERIA – Leadway Assurance Company Limited has made an equity investment of US$5 million InfraCredit, thus becoming the first private institutional investor member of the shareholder group in InfraCredit. InfraCredit which was established in 2017 and driven by the Nigerian Sovereign Investment Agency (NSIA) is an ‘AAA’-rated specialised infrastructure credit guarantee institution. “InfraCredit is bridging a significant infrastructure gap in Nigeria through the mobilisation of private capital,” Chief Executive Officer (CEO), Leadway Assurance, Mr. Tunde Hassan-Odukale said. “Through the realisation of the critical role an enabling infrastructure plays in the…

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Infrastructure credit guarantee InfraCredit secures US$27m equity investment from InfraCo Africa

NIGERIA – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has completed an approximately US$27m equity investment into InfraCredit, a specialised local currency infrastructure credit guarantee institution based in Lagos, Nigeria. InfraCo Africa’s equity investment, made through its dedicated investment vehicle, makes InfraCo Africa an equivalent shareholder alongside the Nigeria Sovereign Investment Authority (NSIA) and Africa Finance Corporation. Gilles Vaes, CEO of InfraCo Africa, and Claire Jarratt, CIO of InfraCo Africa, will join InfraCredit’s Board of Directors. “Our equity investment in InfraCredit marks the first major transaction of…

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