Bridge

Our Impact

Transforming local capital markets and changing people’s lives

By developing local capital markets and financing infrastructure projects in lower income countries across Africa and Asia, we are helping to boost economic growth, improve the quality of people’s lives, alleviate poverty and deliver against the United Nation’s Sustainable Development Goals.

Since 2005, we have closed 57 transactions in 22 countries, enabled USD 5.8 billion of investments, created 234,000 jobs and provided 45 million people with improved access to infrastructure.

Delivering impact through

Transactions

Through our local currency credit solutions, GuarantCo provides improved access to infrastructure for people in lower income countries across Africa and Asia including more affordable and sustainable energy, housing, digital communications, water, sanitation and transportation.

Technaf Solartech Energy

GuarantCo provided a guarantee to support a 15-year, USD 13.5 million dual currency financing solution on behalf of Technaf Solartech Energy Limited, the first and currently only operational utility-scale solar project in Bangladesh, developed by Joules Power Limited, a Bangladeshi developer....

Technaf Solartech Energy

GuarantCo provided a guarantee to support a 15-year, USD 13.5 million dual currency financing solution on behalf of Technaf Solartech Energy Limited, the first and currently only operational utility-scale solar project in Bangladesh, developed by Joules Power Limited, a Bangladeshi developer....

DATE

COUNTRY

SECTOR

November 2021

Bangladesh

Power/Energy Supply

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Acorn Holdings

GuarantCo provided partial credit guarantee to investors in Acorn’s KES 5 billion note programme to fund the construction of accommodation for 5,000 students in Nairobi....

Acorn Holdings

GuarantCo provided partial credit guarantee to investors in Acorn’s KES 5 billion note programme to fund the construction of accommodation for 5,000 students in Nairobi....

DATE

COUNTRY

SECTOR

October 2019

Kenya

Social infrastructure

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Mixta Nigeria

NGN 3 billion credit enhancement guarantee for the second series of Mixta Nigeria’s bond programme. Alongside the series 2 tranche A bond, Mixta also raised an additional NGN 2.3 billion through an unguaranteed tranche B in which the African Local Currency Bond Fund was a cornerstone investor....

Mixta Nigeria

NGN 3 billion credit enhancement guarantee for the second series of Mixta Nigeria’s bond programme. Alongside the series 2 tranche A bond, Mixta also raised an additional NGN 2.3 billion through an unguaranteed tranche B in which the African Local Currency Bond Fund was a cornerstone investor....

DATE

COUNTRY

SECTOR

September 2018

Nigeria

Social infrastructure

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Kalangala Infrastructure Services

This is a highly developmental project to bring basic utilities to the largest island in Lake Victoria and has required imaginative financing to attract the debt required to meet the challenging economics...

Kalangala Infrastructure Services

This is a highly developmental project to bring basic utilities to the largest island in Lake Victoria and has required imaginative financing to attract the debt required to meet the challenging economics...

DATE

COUNTRY

SECTOR

December 2011

Uganda

Multi-sector

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Delivering impact through

Capital Market Development

By providing credit solutions, GuarantCo makes long-term infrastructure development an attractive asset class in lower income countries. This unlocks local currency capital managed by local banks and institutional investors such as pension funds and insurance companies. By engaging them with our business model we are transforming local capital markets to help local market economies grow.

Sindicatum Renewable Energy Company

GuarantCo signed a deal with Sindicatum Renewable Energy Company Pte Ltd, a Singapore-based developer, owner and operator of renewable energy projects, for USD 55 million Green Bonds, rated A1 by Moody’s (Indian Rupee and Philippine Peso tranche) and AA- by Fitch (Indian Rupee tranche)....

Sindicatum Renewable Energy Company

GuarantCo signed a deal with Sindicatum Renewable Energy Company Pte Ltd, a Singapore-based developer, owner and operator of renewable energy projects, for USD 55 million Green Bonds, rated A1 by Moody’s (Indian Rupee and Philippine Peso tranche) and AA- by Fitch (Indian Rupee tranche)....

DATE

COUNTRY

SECTOR

August 2018

Philippines

Power/Energy Supply

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Acorn Holdings

GuarantCo provided partial credit guarantee to investors in Acorn’s KES 5 billion note programme to fund the construction of accommodation for 5,000 students in Nairobi.

First ever green bond in Kenya, rated B1 by Moody’s (higher than the sovereign bond rating), first restricted public offering in Kenya for GuarantCo, first deferred drawdown project loan note and the first affordable housing investment for the Emerging Africa Infrastructure Fund (EAIF)....

Acorn Holdings

GuarantCo provided partial credit guarantee to investors in Acorn’s KES 5 billion note programme to fund the construction of accommodation for 5,000 students in Nairobi.

First ever green bond in Kenya, rated B1 by Moody’s (higher than the sovereign bond rating), first restricted public offering in Kenya for GuarantCo, first deferred drawdown project loan note and the first affordable housing investment for the Emerging Africa Infrastructure Fund (EAIF)....

DATE

COUNTRY

SECTOR

October 2019

Kenya

Social infrastructure

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InfraCredit Nigeria

USD 50 million Callable Funding Facility for the first Nigerian based credit guarantor focused on credit enhancing infrastructure bonds to target pension fund investors. The Facility allowed InfraCredit to achieve a high domestic rating increasing its attractiveness to bond investors....

InfraCredit Nigeria

USD 50 million Callable Funding Facility for the first Nigerian based credit guarantor focused on credit enhancing infrastructure bonds to target pension fund investors. The Facility allowed InfraCredit to achieve a high domestic rating increasing its attractiveness to bond investors....

DATE

COUNTRY

SECTOR

December 2016

Nigeria

Multi-sector

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Delivering impact through

PIDG Technical Assistance grants

One of GuarantCo’s priorities is to build capacity in local capital markets in order to provide sustainable financing for essential infrastructure projects. We work closely with PIDG Technical Assistance to secure grant funding for workshops, training and research.

Malawi capacity building workshop

GuarantCo, with the support of the Private Infrastructure Development Group Technical Assistance, and Old Mutual Investment Group (Malawi) organised a three-day capacity building training workshop in Blantyre from 2nd to 5th November 2021 to train local banks and institutional investors to develop market capacity and increase knowledge on project finance structures with the aim of supporting affordable housing capital market transactions. The workshop was opened by the Minister of Finance with speeches from the CEOs of the Malawi Stock Exchange and the Public Private Partn...

Malawi capacity building workshop

GuarantCo, with the support of the Private Infrastructure Development Group Technical Assistance, and Old Mutual Investment Group (Malawi) organised a three-day capacity building training workshop in Blantyre from 2nd to 5th November 2021 to train local banks and institutional investors to develop market capacity and increase knowledge on project finance structures with the aim of supporting affordable housing capital market transactions. The workshop was opened by the Minister of Finance with speeches from the CEOs of the Malawi Stock Exchange and the Public Private Partn...

DATE

COUNTRY

November 2021

Malawi

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Vietnam green capital market event

In July 2021, GuarantCo, through the PIDG Institute, organised a two-day virtual Vietnam green capital market event, funded by PIDG Technical....

Vietnam green capital market event

In July 2021, GuarantCo, through the PIDG Institute, organised a two-day virtual Vietnam green capital market event, funded by PIDG Technical....

DATE

COUNTRY

July 2021

Vietnam

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Bangladesh events

Building the local capital market and bridging the infrastructure financing gap in Bangladesh...

Bangladesh events

Building the local capital market and bridging the infrastructure financing gap in Bangladesh...

DATE

COUNTRY

October 2021

Bangladesh

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Abidjan workshop

GuarantCo, with Technical Assistance funding, organised a capacity building workshop on project and corporate infrastructure financing in Abidjan in February 2020...

Abidjan workshop

GuarantCo, with Technical Assistance funding, organised a capacity building workshop on project and corporate infrastructure financing in Abidjan in February 2020...

DATE

COUNTRY

February 2020

Abidjan

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Deaf Tawk

GuarantCo provides USD 80,000 grant to support DeafTawk, a start-up supported by Jazz, Pakistan’s leading digital telecommunications company...

Deaf Tawk

GuarantCo provides USD 80,000 grant to support DeafTawk, a start-up supported by Jazz, Pakistan’s leading digital telecommunications company...

DATE

COUNTRY

November 2019

Pakistan

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Contributing to meeting PIDG’s impact goals

Working collaboratively along the project life-cycle and across the capital structure, PIDG leverages its unique attributes to help early-stage projects overcome financial, technical or environmental challenges creating investment-ready, bankable infrastructure opportunities, as well as building local capability and capacity, while providing innovative financing solutions.

At GuarantCo, we ensure that we align with PIDG’s strategic priorities and focus on projects that offer: Scale, Replicability, Affordability and Transformation, as well as the programmatic themes. We use PIDG’s Theory of Change to derive GuarantCo’s ultimate impact on the wider community and system. Together with PIDG, GuarantCo has a range of tools including the scorecard, the Results Measurement Sheet and evaluations to ensure that it meets PIDG’s impact objectives and its additionality. We always strive to maximise our development impact while ensuring that priorities such as gender equality, women’s empowerment and climate change are reflected in depth across our portfolio.