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Frank Gosselink appointed CEO of GuarantCo Management Company

India

Transport

GuarantCo guarantees Axis Bank to provide an INR 1 billion loan to Muthoot Capital to support e-mobility in India

Pan-African partnership reaches milestone for long-term climate finance solutions in Kenya

Vietnam

Manufacturing

PIDG announces first e-mobility transaction in Southeast Asia

GuarantCo collaborates with India Infrastructure Finance Company Limited to accelerate sustainable infrastructure investments in India

Cambodia

GuarantCo and PIDG collaborate with CGCC to accelerate financial inclusion and enhance investment in sustainable infrastructure in Cambodia

Energy

UK backing enables new Africa-focused climate fund to achieve US$200m first close

InfraCo Africa invests to pioneer Zimbabwe’s first project financed solar IPP

Clifford Capital’s Bayfront Infrastructure Management achieves financial close for Bayfront Infrastructure Capital V USD 508.3 million infrastructure asset-backed securities: GuarantCo guarantees Class D tranche subscribed by the Bank of the Philippine Islands and Chandra Asri Trading Company Pte. Ltd.

InfraCo Africa invests to develop a 50MWp solar plant in Côte d’Ivoire

Tanzania

Power Purchase Agreement signed to progress the Lilondi run-of-river hydropower project in Tanzania

PIDG

London

Andy Bainbridge steps down as Chair of PIDG, Yukiko Omura welcomed as new Chair

Mumbai

Singapore

The Private Infrastructure Development Group and Radiance Renewables form a joint venture to accelerate renewable energy adoption in India

The EAIF & IFC-backed FCTC Sonatel Asset Backed Security lists on West African regional stock exchange, boosting digital transformation

Corbetti Owner’s Engineer tender issued following PPA extension

Jordan

GuarantCo provides Capital Bank of Jordan with a partial guarantee for a portfolio of JOD 88.6 million (c. USD 125 million) to grow the bank’s climate adaptation and mitigation infrastructure portfolio

GuarantCo provides Africa GreenCo with a USD 27 million guarantee to boost renewable energy in Southern Africa

Investing to support the growth of climate-resilient agriculture

EAIF commits additional US$30 million to support Indorama’s expansion with third urea plant in Nigeria

Water

Pioneering East Africa Marine Transport vessel launches on Lake Victoria

Logistics and Connectivity

Social Infrastructure

The Private Infrastructure Development Group celebrates the opening of Cambodia’s first cross-docking and cold storage facility

Telecommunications

EAIF Commits XOF 23.5 Billion to Sonatel’s Receivables-Backed AAA-Local-Rated Bond

GuarantCo guarantees Axis Bank to provide an INR 1 billion loan to Everest Fleet for the purchase of electric vehicles in India

GuarantCo and Bank Alfalah provide Shams Power with a PKR 1.5 billion (c. USD 5.2 million) finance solution to invest in small solar plants in Pakistan

GuarantCo provides a USD 70 million bond guarantee to CamGSM (Cellcard) to finance telecom infrastructure in Cambodia

EAIF Completes $294m Debt Raise in One of The Largest Blended Finance Debt Packages for African Infrastructure

GuarantCo guarantees Axis Bank to provide an INR 2.5 billion loan to Vivriti Capital to lend to e-mobility companies in India

Delivering energy-efficient cold storage solutions across Africa

Right Honourable Andrew Mitchell MP joins stakeholders at COP28 to celebrate progress on the newly incorporated Dhamana Guarantee Company

Sustainable and Resilient Cities

GuarantCo, part of PIDG, and Standard Chartered collaborate to accelerate climate action in Vietnam during COP28

Infrazamin

Gender Bond

First Gender Bond in South Asia Launched by InfraZamin Pakistan and Kashf Foundation

InfraCo Africa invests to scale access to clean transport in rural Zimbabwe

GuarantCo provides NGN 20.23 billion (USD 25 million) counter-guarantee to InfraCredit for Lagos Free Zone Company 20-year senior guaranteed fixed rate infrastructure bond issuance

PIDG to extend its partnership with the World Bank’s Water Global Practice to help accelerate the pace of investment in the Water Sector across Africa and Asia

Malawi

IFU’s second solar power investment in Malawi

Financial Times: Guarantee companies unlock African infrastructure finance

InfraCo Africa invests in safe, affordable passenger ferries

Group picture with a lot of people at an event

Kenyan internet service provider, Mawingu, raises US$9m to expand operations across Kenya.

GuarantCo provides Axis Bank with a USD 200 million INR equivalent guarantee to accelerate the e-mobility eco-system in India

World Business Outlook Awards: InfraCo Africa recognised as ‘Leading Infrastructure Finance Company Africa 2023’

Ba Lai Water Supply Plant in Vietnam Commences Operations

Nepal

InfraCo Asia celebrates the inauguration of Nepal’s largest-ever grid-connected rooftop solar project

CEI Africa awards a total of USD 7.3M in RBF grants to three Kenyan GMG developers

InfraCredit’s Anti-Bribery Management System Certified as ISO 37001 Compliant by Lloyd’s Register

African Business Magazine: Geothermal race heats up Africa

Uganda

InfraCo Africa and Afresco partner to deliver ‘Energy-as-a-Service’ solutions in Africa

South Africa

Africa GreenCo: Announcing the execution of an 85MW power purchase agreement with AMEA Power

Ashden Awards: African innovators lead in shortlists for cutting edge climate solutions

EAIF commits $33 million to Raxio Group in vital boost to Africa’s nascent data markets

Opinion | Gender-smart infrastructure must be delivered at scale

Behind the scenes: Integrating a gender lens for infrastructure impact

Market Insights: Accelerating access to off-grid energy solutions

GuarantCo collaborates with Axis Bank to provide INR 3.25 billion (c. USD 40 million) to Northern Arc ensuring increased access to finance for underbanked borrowers in India

GuarantCo closes its first syndication transaction mobilising the private insurance sector to contribute to bridging the infrastructure financing gap in Africa and Asia

OECD: Private finance mobilised by official development finance interventions

Operations

Kenyan internet service provider, Mawingu, raises US$9m to expand operations across Kenya

Rwanda

Kigali PPP Docuseries

African Business Magazine: Should private companies play a role in Africa’s water sector?

Sierra Leone

Piloting a new financing model to scale energy access in Sierra Leone

Uxolo: Singrobo-Ahouaty: A small hydro IPP ripple effect in sub-Saharan Africa?

InfraCo Asia’s Cambodia Water Portfolio project achieves financial close

EAIF commits €25 million to 44MW hydropower plant in Côte d’Ivoire

Behind the scenes: Establishing a culture of business integrity

Swedish International Development Cooperation Agency provides GuarantCo with a USD 100 million, 20-year re-guarantee facility to alleviate poverty across Africa and Asia

GuarantCo Management Company strengthens Management Team with the appointment of Surabhi Mathur Visser as Chief Investment Officer

Madagascar

GuarantCo and AGF provide GreenYellow with a MGA 33 billion (c. EUR 7.1 million) credit guarantee to finance a 20 MW solar plant extension with a 5 MW solar battery storage system

GuarantCo provides Royal Railway Cambodia with a USD 24 million bond guarantee to invest in the national railway system

African Business Magazine: Why isn’t Africa building enough bridges?

Africa GreenCo: GreenCo’s offtake from Ilute Solar PV – Benefits Paper

Behind the scenes: Carbon Data Capture

GuarantCo provides Orabank Côte d’Ivoire with a XOF 10 billion (c. USD 15 million) portfolio guarantee to invest in infrastructure

GuarantCo provides First Finance with a loan guarantee to finance affordable housing in Cambodia

Statement from InfraCo Africa

COP27: Looking back to galvanise our next steps

Market Insights: Supporting green growth in Zambia

InfraCredit’s Guarantee Supported by UK-Funded Climate Finance Blending Facility Mobilises First Green Certified Local Currency Debt Issue for Off-Grid Solar Rural Electrification Project in Nigeria

InfraCo Africa to invest US$15m to anchor pioneering new guarantee company

Three businessmen signing documents at official table

MOBILIST set to invest in African climate investment fund

Democratic Republic of the Congo

InfraCo Africa and Equatorial Power are set to roll out access to clean power and agri-processing in the DRC and Rwanda

Morocco

Event highlights partnership opportunities for pioneering infrastructure development in sub-Saharan Africa

Solar panel and facilities seen from above

DFC Commits $25 Million Loan for Golomoti Solar, Expanding Renewable Energy Generation and Storage in Malawi

Two women in office working at the same table

Behind the scenes: Maintaining financial integrity

Moody’s rating will attract fresh investment to Africa, says Martijn Proos

Keel laying ceremony marks milestone for EAMT build

EAIF plans to raise $500 million

Martijn Proos interviewed by CNBC Africa

EAIF secures A2 credit rating from Moody’s

Men signing documents in official setting

Capital Market Development

InfraCo Africa invests U$43m to launch a new climate-focused infrastructure fund for Africa

GuarantCo provides EVNFinance a VND 1,150 billion (c. USD 50 million) partial credit guarantee to support the issuance of Vietnam’s inaugural internationally verified green bond

Golomoti Solar wins AFSIA’s ‘Utility-scale solar project of the year’ Award

Africa GreenCo: Renewable Energy IPP Procurement Programme and offering of SAPP Trading Services to Generators and Consumers

DevCo

PIDG 2021 Annual Review

SolarQuarter Africa: Interview with InfraCo Africa CEO, Gilles Vaes

Malawi’s President inaugurates Golomoti Solar, a pioneering solar-plus-battery plant

Computer-rendered image of border crossing

GuarantCo provides Société Générale Cameroun and Société Commerciale de Banque Cameroun with USD 38.4 million XAF equivalent guarantee to finance TollCam and support infrastructure development in Cameroon

EAIF supports its 10th Uganda renewable energy project with US$10.6 million loan

Gowling WLG advises InfraCo Africa on decentralised energy solutions provider Bboxx and Zembo Motorcycles investments

Our board

Yukiko is the Chair of the Investment Committee and a member of the Risk and Nomination, Governance and Remuneration committees. Yukiko was the Chair of the Board of Directors of GuarantCo until 30 April 2022. She has more than 40 years of international professional experience in both the public and private financial sector. Yukiko was formerly the Under-Secretary General and COO and vice president at the International Fund for Agricultural Development. Prior to that, she was executive vice president / CEO of the Multilateral Investment Guarantee Agency of the World Bank Group. She started her career with the Inter-American Development Bank in Washington DC in the infrastructure department. She then went to work at various investment banks such as J.P. Morgan, Lehman Brothers, UBS Japan and Dresdner Bank in Tokyo, London and New York. She has strong experience in restructuring organisations and bringing change to meet the needs of changing market or other conditions. She has keen interest in ensuring sustainable development and Climate change issues.

Yukiko Omura

Chrispin is a member of the Risk Committee, and will become Audit Committee Chair on 1 July 2023. Chrispin brings over 25 years of international experience in financial services. He is an Independent Non-Executive Director and Chair of the Audit Committee of African Banking Corporation Zambia Limited. He is also a Governor of the Bath Spa University, as a co-opted member of the Audit Committee.
Chrispin served as Managing Director, Audit – Finance, Strategic Ventures and Corporate Functions, International, at GE Capital. Prior to that, he was the Internal Audit Director, Finance for Europe, Middle East and Africa at Citi. He also held roles as the Finance Senior Reviewer on the Citi Audit and Risk Review Asia-Pacific team based in Singapore and was previously the Executive Director, Finance for BancABC Zambia and Chief Financial Officer of Citibank Zambia Limited.
Chrispin is a Fellow of the Chartered Institute of Management Accountants (FCMA), United Kingdom, and a Chartered Global Management Accountant. He holds a Bachelor of Accountancy from the Copperbelt University, a Master of Science (MSc Strategic Business Management) from the Manchester Metropolitan University, and a Diploma in Islamic Finance.

Chrispin Chikwashi

Johan is a Director of PIDG Ltd., and previously served as a Director of the Emerging Africa Infrastructure Fund (EAIF). He is currently director of London-based DTEK Finance Plc as well as a managing partner of Iveaghouse Capital Investment Advisors B.V., an investment boutique advising energy companies on corporate strategy, investment finance, mergers and acquisitions and renewable energy. He serves as non-executive director on the supervisory boards of Metinvest B.V., as well as DTEK Energy B.V., DTEK Grids B.V. and DTEK Renewables B.V. Johan has previously held senior executive positions with CapAsia, Darby Private Equity, Franklin Templeton Investment Austria, the Harvard Institute for International Development and Dutch Ministry of Foreign Affairs. Johan also held senior management positions with the European Bank for Reconstruction and Development in London including a role as Head of the Infrastructure and Energy Utilities Group.

Johan Bastin

Patrick is a Director of PIDG Ltd, a member of its Risk and Credit Committees, and the Chair of the Board of the Emerging Africa Infrastructure Fund (EAIF). He is an Independent Non-Executive Director of FBN Bank (UK) Limited, the regulated UK banking subsidiary of the First Bank of Nigeria Limited; the Chair of the Caxton Trust, a UK educational charity operating under the name of Catch Up; and a Trustee and the Honorary Treasurer of the Artists’ General Benevolent Institution.
Patrick held various positions over twenty-six years with Morgan Grenfell and with Deutsche Bank including as Global Head of Project and Export Finance. At Standard Bank he led the fund management team for EAIF for the two years of its existence from 2002. He was Chief Executive and Accounting Officer for UK Export Finance, the government department that acts as the UK’s official export credit agency, between 2004 and 2012. He then became Chief Executive of Charity Bank, the regulated UK social purpose bank specialising in lending to the charity and voluntary sectors, until 2018.
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Patrick Crawford CB

Rachel Kyte is Chair of the PIDG Ltd. HSES Committee. She is Dean of The Fletcher School at Tufts University. She served as Chief Executive Officer of Sustainable Energy for All (SEforALL), and Special Representative of the UN Secretary-General for Sustainable Energy for All.
Kyte is a member of the UN secretary-general’s high-level advisory group on climate action and an advisor to the UK government for the UN climate talks, COP26. Kyte is co-chair of the Voluntary Carbon Markets Integrity Initiative (VCMI), chair of the FONERWA and the Rwanda Green Fund. She advises not-for-profits, governments, and the private sector in climate, energy, and finance for sustainable development.
She was previously World Bank Vice President for Sustainable Development and was the International Finance Corporation Vice President for Business Advisory Services. She is the recipient of numerous awards for women’s leadership, climate action and sustainable development. She holds a Master’s degree in International Relations from Fletcher and a Bachelor’s degree in History and Politics from the University of London.

Rachel Kyte

Uche Orji was previously the MD and CEO of the Nigeria Sovereign Investment Authority (NSIA), since its inception in 2012 until 2022. Uche designed and operationalised NSIA and under his leadership, NSIA became a highly regarded global multi-strategy investment institution, as well as serving as a vehicle for implementing key commercial infrastructure projects and investing Nigeria’s savings.
Prior to the NSIA, Uche gained extensive experience on both the sell-side and buy-sides of the capital markets in Europe, USA, and Asia. Between 2006 – 2012, Uche was a Managing Director and Senior US/Global Semiconductor Analyst at UBS Securities, New York and between 2001-2006, Uche was Managing Director /Senior Semiconductor Analyst, at JP Morgan Securities, London. Prior to his sell-side experience, Uche was on the buy-side at Goldman Sachs Asset Management, London from 1998-2001 where he was an Analyst/Portfolio Manager.
Earlier in Uche’s career in Nigeria, he was Acting Financial Controller at Diamond Bank Plc., Lagos, Nigeria (later acquired in 2019 by Access Bank) and was an auditor at the firm of Arthur Andersen &amp; Co (later acquired by KPMG).
Uche has previously held Board roles as Chairman of the Infrastructure Credit Guarantee Company (InfraCredit), Non-Executive Director/Interim Board Chairman/ Chair of Investment Committee of the Development Bank of Nigeria, Non-Executive Director/ Chair of Credit Committee – Family Homes Funds Limited Nigeria, Non-Executive Director Chairman of Credit Committee – Nigeria Mortgage Refinance Company and Non-Executive Director, NG Clearing Limited.
Uche also served as an advisory member of the G-7 taskforce on Impact Investing under the Presidency of the United Kingdom and currently serves on the European Union Commission’s High-level Expert Group for the Scaling up of capital for lower- and middle-income countries, as an expert.
Uche has a Bachelor of Engineering degree (Chemical Engineering) from the University of Port Harcourt, Nigeria, 1990; and a Master of Business Administration (MBA) from Harvard Business School, Massachusetts, USA, 1998.

Uche Orji

Liengseng is a member of the Investment and HSES Committees. He is CEO of Dragonfly LLC, a New York-based firm which provides quantitative risk management capabilities and risk applications for strategy and investments to companies in the US and Asia.
He is also an independent Director of GuocoLand Ltd, a SGX-listed Asian property developer, and investor, where he is Chair of the Nomination and Remuneration Committees and is a member of the Audit and Risk Committee. Liengseng also serves on the Investor Committee of Mapletree US Logistics Private Trust and the Management Advisory Board of the National University of Singapore Business School.
Liengseng has 40 years of experience in banking, strategy, and risk management. He was a Managing Director in Global Risk Management at Bankers Trust New York, prior to this he was a partner at Capco and at Capital Markets Risk Advisors, and a senior associate at Booz Allen, all based in New York. He started his career as a banker with Banque Paribas in Singapore.
Liengseng has been an adjunct Professor of Risk Management at the Singapore Management University, Columbia University, and Peking University. Liengseng co-authored the books, “What Every CEO Must Know About Risk” and “RAROC and Risk Management”.
Liengseng holds a Bachelor of Business Administration (Valedictorian) from the National University of Singapore and a Master of Business Administration with Distinction (Salutatorian) from the Wharton School, University of Pennsylvania. He has completed the Corporate Director Certificate program at Harvard Business School.

Liengseng Wee

The Board

Our board

The Board

Yukiko Omura

Chair

Chrispin Chikwashi

Johan Bastin

Patrick Crawford CB

Rachel Kyte

Uche Orji

Liengseng Wee

Governance

Michelle Hill

Company Secretary

Veronica Ogunkoya

Executive Assistant

Risk Committee

Chair

Uche Orji

Members

Rachel Kyte

Patrick Crawford CB

Chrispin Chikwashi

Audit Committee

Chair

Chrispin Chikwashi

Members

Johan Bastin

Liengseng Wee

Amanda Feldman

Credit Committee

Chair

Patrick Crawford CB

Members

Anthony Marsh

Johan Bastin

Liengseng Wee

Investment Committee

Chair

Yukiko Omura

Members

Johan Bastin

Liengseng Wee

Uche Orji

HSES Committee

Chair

Rachel Kyte

Members

Amanda Feldman

Chrispin Chikwashi

Liengseng Wee

Nomination, Governance and Remuneration Committee (NGR)

Chair

Yukiko Omura

Members

Rachel Kyte

Uche Orji

Patrick Crawford CB

Terms of Reference

Investment Committee Terms of Reference

Audit Committee Terms of Reference

Credit Committee Terms of Reference

Risk Committee Terms of Reference

HSES Committee Terms of Reference

Nomination, Governance and Remuneration Committee Terms of Reference

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