Tag: FSD Africa

BOI extends RAPID funding application deadline for MSMEs
News

BOI, FSD Africa forge alliance on green finance

The Bank of Industry has formalized a partnership with Financial Sector Deepening Africa through a Memorandum of Understanding aimed at bolstering green financing initiatives in Nigeria. This collaboration is designed to enhance BOI’s sustainability strategy by providing technical assistance, strategic guidance, and capacity development initiatives. According to a statement, the Managing Director of BOI, Dr […]

FSD Africa, InfraCredit invests £10m into Nigeria's climate structure
Business

FSD Africa, InfraCredit invests £10m into Nigeria’s climate structure

FSD Africa Investments and InfraCredit have committed £10 million to a risk-sharing backstop facility that will enable local currency funding for Nigeria’s long-term infrastructure development. The first-of-its-kind Risk Sharing Backstop Facility will address the issue of low credit enhancement by mobilizing local institutional investment through bonds into viable early-stage or green-field climate-aligned infrastructure projects. The facility […]