AfDB approves $149m credit risk participation for renewables, others

The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, have approved a credit risk participation by the Private Sector Credit Enhancement Facility (PSF) in seven loans cumulatively valued at $149 million.

The seven operations include senior loans targeting renewable energy and agroindustry sectors in Uganda, Sudan, and Cameroun among others, as well as lines of credit to lenders in Liberia and Mali.

Launched in 2015 by the ADF, the PSF provides credit risk participation in private sector operations of the African Development Bank in low-income countries; and is on its way to building a $1.5 billion portfolio of exposures

The operations were prioritised in light of their superior expected development results and additionality; particularly in terms of increased access to electricity, food security, and job creation.

Source: ESI Africa



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