Quantum Terminals Group (QTG), a leading energy infrastructure developer in Ghana, has today listed a corporate bond on London Stock Exchange’s International Securities Market. QTG listed a GHS 45 million (USD 10 million) corporate bond, guaranteed by GuarantCo, to support the operations of its liquid petroleum gas (LPG) storage business.
The Bank and its partners created the Co-Guarantee Platform for Africa, an innovative and collective de-risking instrument, to address the perceived high risk across the continent and the lack of capacity of traditional lenders to provide risk mitigation products for projects.
The value of innovative blended financing for major infrastructure projects in Africa was demonstrated today with the opening of the 90MW Albatros Energy Mali (AEM) power station in Hawa-Dembaya district, Mali. The plant is expected to increase Mali’s effective base load electricity capacity by 25%, providing up to 4.5 million people with improved access to power and paving the way for new renewable energy facilities.