AIICO Insurance Plc has invested in InfraCredit, a leading infrastructure credit guarantee institution, acquiring a 5% stake in InfraCredit’s total share capital.
This move, the second private domestic institutional investment alongside Leadway Assurance Plc, boosts InfraCredit’s paid-in capital to $175.14 million, increasing its aggregate guarantee issuing capacity to NGN742.77 billion (approximately $875.7 million).
AIICO’s Chief Executive Officer (CEO), Babatunde Fajemirokun, expressed confidence in the long-term partnership and highlighted AIICO’s commitment to bridging Nigeria’s infrastructure gap.
The CEO of InfraCredit, Chinua Azubike, emphasized the strategic importance of AIICO’s equity infusion in strengthening the core capital base and expanding guarantee capacity.
The collaboration aims to attract private sector capital for sustainable infrastructure financing, marking a significant milestone in InfraCredit’s journey and reinforcing confidence in its unique business model.
The partnership is expected to advance sustainable finance for impactful infrastructure projects in Nigeria, showcasing the commitment of both organizations to drive positive change in the country’s infrastructure landscape.
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
Massive Beads Black Obsidian - Stone of Pleasure - Handmade Yoga Stretch Elastic Bracelet Natural Stone Crystal Healing Power Energy Gifts for Unisex Adult 4mm
$5.99 (as of March 11, 2025 20:21 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
LEGO Creator 3 in 1 Wild Animals Surprising Spider Toy - Building Toy with 3 Build Options, Spider, Scorpion, or…
$10.39 (as of March 11, 2025 19:45 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
KitchenAid Classic Multifunction Can Opener and Bottle Opener Easy to Use, Razor Sharp Stainless Steel Cutting Wheel, Soft Ergonomic Handles, Black
$11.99 (as of March 11, 2025 20:21 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Gerber Baby 8-Pack Short Sleeve Onesie Bodysuits
$15.88 (as of March 11, 2025 19:47 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
