Nigeria, Others Get AfDB’s $40m Infrastructure Lifeline   A new lifeline for infrastructure funding has been lined up for Nigeria and the rest of the continent’s economies, under the Africa Infrastructure Investment Fund (AIIF), with $40m ready for disbursements. An initiative approved by the African Development Bank...

On 45 Deals, we Secured Investment Interest Worth $32bn, Says AfDB   Out of 61 transactions valued at $40.4bn tabled for discussions in boardroom sessions at the just concluded African Investment Forum in Sandton, South Africa, 45 deals worth over $32bn were secured, the African Development...

AfDB, Others Agree on Insurance platform The African Development Bank (AfDB), Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) , African Trade Insurance Agency (ATI) and GuarantCo, have entered into a Memorandum of Understanding for a Co-Guarantee Platform (CGP). This initiative, on Wednesday...

AfDB Advocates Bridging Of Africa’s Capital, Bankable Projects   The Africa Development Bank (AfDB) says there is the need to bridge the gap between Africa’s available capital and bankable projects since it requires between 600 and billion dollars annually for development. AfDB’s “African Economic Outlook 2018’’, financing...

Nigerian foreign debt hits N6.76trn in Q2 –NBS The National Bureau of Statistics (NBS) has said Nigeria’s foreign debt stood at N6.76trillion ($22.08 billion) as at second quarter ended June 30, 2018. The apex statistical agency in its latest report said ‘Nigerian domestic and foreign debt’...

AfDB, Others Price Landmark $1 Billion Impact Securitization The African Development Bank (AfDB) and other international Portfolio managers have announced the pricing of Room2Run, a US $1 billion synthetic securitization corresponding to a portfolio of seasoned pan-African credit risk. Room2Run is the first-ever portfolio synthetic securitization...