GuarantCo, part of the Private Infrastructure Development Group (PIDG), organised a capacity building workshop on project and corporate infrastructure finance in Douala, Cameroon from 24th to 26th June. The workshop aimed to pave the way to establish continuous engagement between GuarantCo and local corporate banks, insurance companies, pension funds and investment banking boutiques.
GuarantCo's ratings are dependent on its robust ownership structure. The Company's ability to achieve desired growth in its guarantee portfolio is important to pull off from bottom-line losses. Meanwhile, close monitoring of asset quality remains critical.
GuarantCo has provided a guarantee to support a 15-year USD 13.5 million dual currency financing solution on behalf of Technaf Solartech Energy Limited (TSEL), the first and currently only operational utility-scale solar project in Bangladesh, developed by Joules Power Limited, a Bangladeshi developer.