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FSD Africa

Climate love

FSDAi, Infracredit invest £10m to support Nigeria’s climate infrastructure

FSD Africa Investments (FSDAi), in collaboration with InfraCredit, have invested £10m into a risk-sharing backstop facility designed to unlock local currency funding for sustainable infrastructure development in Nigeria. The Risk Sharing Backstop Facility will address the challenge of low credit enhancement by mobilising local institutional investment via bonds into viable early-stage or green-field climate-aligned infrastructure projects. According to FSDAi, by increasing the accessibility of finance for the ‘climate-aligned’ infrastructure projects, the facility will help Nigeria accelerate its social and economic development, and green economic transition as well as deliver on its climate goals. “FSDAi’s partnership with InfraCredit on the bridge-to-bond facility introduces a de-risking financing solution to mobilize short and medium-term local institutional investment into critically needed infrastructure projects that are currently considered un-bankable without alternative credit enhancement,” Anne-Marie Chidzero, chief investment officer at FSD Africa Investments said. She stated that moreover, as Africa’s economies struggle to mobilise capital to develop key climate mitigation and sustainable power generation projects, this facility comes as a timely and much-needed intervention for Nigeria’s infrastructure landscape.’

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26 more agrees trigger contact with the recipient

  • Ann Nyambura

    38 w

    Investing in sustainable infrastructure is a smart move.

    • Markus Lutteman

      38 w

      Very good, and very important.

      • Rashid Kamau

        38 w

        The solution of climate change lies in sustainable infrastructure.

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