Western Africa
UK Supports Green Infrastructure In Nigeria
The backstop facility is intended to unlock local currency funding.
The UK government-backed FSD Africa Investments (FSDAi), in partnership with Lagos-based InfraCredit, has invested £10 million (US$12.7 million) into a risk-sharing backstop facility (RSBF), designed to unlock local currency funding for sustainable infrastructure development in Nigeria.
The facility will mobilise local institutional investment via bonds into viable early-stage or greenfield climate-aligned
Related News
Southern Africa
AFD grant to help procure transaction adviser for 1.5GW hydro scheme.
Western Africa
Marsa Maroc set to work on Monrovia and Buchanan ports.
Want to continue?
Subscribe to get access to premium content
By subscribing you get access to the Newsfeed, Tenders, Events