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Jun 2018

Adoption of Local Currency Tariff Power Purchase agreements to ease cost of power

Kenyans could see a decrease in the cost of electricity with the Government set to adopt local currency-based tariffs for power purchase agreements. The move follows the completion of a study on the availability and viability of local financing for infrastructure projects in the energy sector.

May 2018

GuarantCo announces 2017 impact results

May 2018

GuarantCo Guarantees the First Corporate Bond to be Issued by a Non-Financial Institution in Ghana

View Press Release

Apr 2018

Incorporation of PIDG Ltd

PIDG - Evolving to deliver greater development impact

GuarantCo’s parent company, The Private Infrastructure Development Group (PIDG), is changing.

A new governance structure will formalise and embed collaborative working between GuarantCo and all of PIDG’s companies. Our combined offer allows us to invest at different stages of the development cycle, bringing more projects from concept to reality in the world’s lowest income countries.

Read our joint op-ed to find out more.

Mar 2018

GuarantCo and AGF Sign Deal

The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has entered into a re-guarantee transaction of an amount of up to USD 74 million with GuarantCo, to increase its guarantee capacity for SME financing.

Jan 2018

Emerging Africa Infrastructure Fund leads and closes financing of €78 million 50MW in Akuo Energy’s solar plant in Mali

Three Private Infrastructure Development Group companies contribute to financing

  • Largest solar power plant yet built in West Africa and first solar IPP in Mali
  • Key roles for PIDG companies EAIF, GuarantCo and Green Africa Power
  • EAIF Mandated Lead Arranger
  • First French-speaking Africa MLA for EAIF
  • Permanent and construction jobs created

Jan 2018

GuarantCo Guarantees First International Corporate Indian Rupee Green Bond in Asia

LONDON – Jan. 24, 2018 – Sindicatum Renewable Energy Company Pte Ltd (“Sindicatum Renewables”), a Singapore-based developer, owner and operator of renewable energy projects has issued an Indian Rupee (“INR”) international green bond (the “Green Bond”), totaling INR 2.5 billion (approximately USD 40 million). GuarantCo Ltd, a Private Infrastructure Development Group (PIDG) company, provided an unconditional and irrevocable guarantee, which covers 100% of the principal and interest of the Green Bond. 

Jan 2018

Viathan Press Release

Infracredit issues maiden guarantee, supports the first 10-year corporate infrastructure bond in the Nigerian debt capital markets

Viathan Press Release

Oct 2017

Ambitious plans to deliver more high-quality infrastructure in East and Southern Africa

Nairobi, Kenya: GuarantCo and InfraCo Africa yesterday marked the official opening of their first Africa office, which will cover East and Southern Africa from Nairobi. Both companies are part of the London-based multilateral Private Infrastructure Development Group (PIDG), which has been active in the region for more than 15 years.

Aug 2017

GuarantCo Welcomes Additional Funding from the Australian Department of Foreign Affairs and Trade (DFAT)

GuarantCo, the world’s leading local currency guarantee facility, has received a further AUD4m from DFAT to support its continued growth. GuarantCo is also backed by the UK (DFID), Switzerland (SECO), Sweden (Sida), through the multilateral Private Infrastructure Development Group (PIDG), and the Netherlands (DGIS) through FMO. This recent funding allocation blends well with GuarantCo’s ambition to expand its operations in Asia and the Pacific to address existing constraints in local currency debt financing for infrastructure projects. "GuarantCo is grateful for the further funding received from DFAT and its continued support. We continue to seek to expand GuarantCo's activities in Asia and the Pacific following the recent opening of our office in Singapore" stated Mr. Andy Bainbridge, Chairman, GuarantCo Board.

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