• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, July 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Green Infrastructure: Nigeria, AfDB, Others Sign Agreement On Fund Mobilisation

by Chika Izuora
3 years ago
in Business
nigerian flag
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government through the Nigeria Sovereign Investment Authority (NSIA), has agreed with key organisations in Africa to mobilise funds to accelerate green infrastructure projects in the continent.

Advertisement

The letter of intent for the capital mobilisation was signed by the African Development Bank, Africa50 and newly launched African Sovereign Investor Forum (ASIF), for green and climate resilient infrastructure projects across Africa.

The three entities will work together to galvanise financing and to drive the development of skills and expertise within the infrastructure sector.

The signing took place in Rabat, Morocco during an event to launch the Africa Sovereign Investors Forum. The newly formed platform will accelerate coordination to mobilise patient capital for the continent’s development.

Ten African sovereign investors have already agreed to set up the Forum.

RELATED

African Manufacturers Urge Investment In Local Industries

African Manufacturers Urge Investment In Local Industries

11 hours ago
Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners

Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners

11 hours ago

The signatories are Nigeria Sovereign Investment Authority (NSIA), Agaciro Development Fund of Rwanda, Fonds Souverain de Djibouti, Fonds Gabonais d’Investissements Stratégiques (FGIS), Fonds Souverain d’Investissements Stratégiques (FONSIS) of Senegal, Fundo Soberano de Angola (FSDEA), Ghana Infrastructure Investment Fund (GIIF), Ithmar Capital Morocco and The Sovereign Fund of Egypt (TSFE).

Africa 50 CEO, Alain Ebobissé signed for his organisation; AfDB vice-president for Private Sector, Infrastructure and Industrialisation, Solomon Quaynor, signed on behalf of the AfDB; and Ithmar Capital CEO, Obaid Amrane, who will serve as the inaugural chair of ASIF, signed on the new initiative’s behalf.

Ebobissé said: “this is an important step to building strong collaboration between the right stakeholders to meet the substantial infrastructure financing needs of Africa. We must make key regional infrastructure projects attractive and bankable for both global and African private investors and today’s signing will go a long way to address the continent’s infrastructure deficit.

“It is therefore important that we leverage the strength of the African sovereign wealth funds on the continent, who manage significant domestic savings, to drive the growth of Africa’s economies through the development and successful implementation of strategic infrastructure.”

Quaynor said the AfDB’s partnership with ASIF and Africa50 would enable stronger collaborations on project development and co-financing, mobilisation of capital to fund resilient, green and sustainable infrastructure and identification of investment opportunities to promote Africa’s infrastructure and industrialisation.

“This is a key part of the Bank’s strategy to harness the estimated $2 trillion of assets under management from African institutional investors including sovereign wealth funds, pension funds and insurance companies for the continent’s infrastructure and industrialisation,” he said.

The collaboration agreement will also seek to address the identification and preparation of projects, a critical successful factor in attracting financing into any projects.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Dangote Commits To Self-sufficiency In Sugar Production

Next Post

Cabotage Fund Hits N145.2bn

Chika Izuora

Chika Izuora

You May Like

African Manufacturers Urge Investment In Local Industries
Business

African Manufacturers Urge Investment In Local Industries

2025/07/06
Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners
Business

Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners

2025/07/06
Notore Chemical Industries Delists From NGX
Business

Notore Chemical Industries Delists From NGX

2025/07/06
Business

PIA: PWDs Demand Inclusion In Niger Delta Host Community Board

2025/07/06
Share Local Content Success Strategies With Us, African Leaders Urge Nigeria
Business

Share Local Content Success Strategies With Us, African Leaders Urge Nigeria

2025/07/06
Burger King Recommits To Environmental Sustainability, Expands Footprint In Ogun
Business

Burger King Recommits To Environmental Sustainability, Expands Footprint In Ogun

2025/07/06
Leadership Conference advertisement

LATEST

Ola Aina Signs New 3-year Deal With Nottingham Forest

I Never Worked For Abacha Or Any Gov’t – Peter Obi

JAMB Releases Results Of Mop-up UTME

WAFCON 2024: Super Falcons Cruise To Winning Start, Thrash Tunisia 3-0

Boko Haram Kills 9, Injures 4 Others In Borno

‘You Want To Rescue Your Stomach, Not Nigeria’, Wike Blasts Opposition Coalition Leaders

Okunbo Honoured At INC-America’s Convention

2027: Wike Cautions Nigerians Against Propaganda Of Opposition

PICTORIAL: Atiku Visits Kano To Mourn Death Of Dantata

NIPOST Denies Transporting Hard Drugs

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.