- InfraCredit secures $15 million from the African Development Bank.
- Supports local credit for infrastructure, SMEs, and energy.
- InfraCredit enhances its capacity despite market challenges.
InfraCredit secured a $15 million facility from the African Development Bank Group (AfDB). This subordinated unsecured 10-year loan marks AfDB’s second investment in InfraCredit, following an initial $10 million facility in 2020. This new investment demonstrates AfDB’s growing confidence in InfraCredit’s business model.
InfraCredit specialises in enhancing private sector investment in impactful infrastructure projects. Its clean energy roadmap accelerates green finance initiatives aimed at climate-aligned infrastructure. This progress promotes SME growth, job creation, sustainable energy access, and overall economic development in Africa.
“We appreciate AfDB’s continued support,” said Mr Chinua Azubike, the CEO at InfraCredit. “This facility expands our capital base and strengthens our ability to support local currency credit for infrastructure projects.”
Despite challenging market conditions, InfraCredit consistently demonstrates strong performance. The company maintains robust fundamentals and a solid portfolio, earning AfDB’s trust through a proven track record.
The new $15 million facility will enable InfraCredit to support long-term local currency domestic credit. This credit supports a rapidly growing pipeline of infrastructure projects, fostering job creation and economic growth.
InfraCredit’s successful model now spreads across Africa, aligning with the AfDB’s broader strategy. This strategy focuses on scaling up private sector financing across the continent, and InfraCredit’s approach plays a vital role in this strategy.
InfraCredit facilitates impactful infrastructure investments that benefit the broader economy. The company advances climate-aligned projects that address economic and environmental needs. It also supports small and medium enterprises (SMEs) by providing essential financial tools.
InfraCredit has gained recognition in recent years for its contributions to sustainable development. The company supports various projects that create jobs and enhance economic growth. InfraCredit’s clean energy initiatives align with global efforts to promote green finance and sustainable infrastructure.
InfraCredit plays a significant role in fostering economic development in Africa. By focusing on infrastructure, InfraCredit improves access to essential services, including energy, transportation, and water. The company enhances the credit quality of local currency debt instruments, making it easier to finance these projects.
AfDB’s investment underscores InfraCredit’s approach, highlighting the importance of sustainable infrastructure development. This new facility will enable InfraCredit to support local economies and contribute to broader sustainable development goals.
InfraCredit remains committed to supporting impactful infrastructure. The company aims to foster economic growth through innovative financial solutions, and its partnership with the AfDB plays a crucial role in this mission.
InfraCredit’s success reflects its effective business model, which attracts investment and delivers tangible benefits. InfraCredit will play an even more significant role in Africa’s development as it grows.