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Okra Solar, InfraCredit to power 25,000 rural Nigerians

Okra Solar and InfraCredit have sealed debt financing deal of a mesh-grid project under InfraCredit’s Climate Finance Blending Facility (CFBF). The deal targets no fewer than 25,000 rural Nigerians not connected to the national grid. The world’s largest energy access program Distributed Access through Renewable Energy Scale-up (DARES) provides $750million in grants to renewable energy…

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UK’S MOBILIST sells shares in InfraCredit to pension funds

The UK’s MOBILIST programme on Monday said it has successfully traded its investment in Nigerian credit guarantee company InfraCredit to five Nigerian pension funds, thereby helping to mobilise more local institutional investment toward infrastructure development critical to the country’s growth. MOBILIST’s exit represents the biggest trade in InfraCredit’s shares since its listing by introduction on…

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