nigeria infrastructure fund

The proceeds from the offer will be applied towards infrastructure loans approved by the fund manager’s investment committee. INFRASTRUCTURE FUND: Fund Name: NAV Per Share: Yield / T-Rtn: Chapel Hill Denham Nigeria Infrastructure Debt Fund: 107.71 : 13.11%: About FMAN. Start-up capital was provided by a number of sources. Total returns for the trailing twelve months (up to September 2020) was 12.4%. They can be considered as an Islamic version of conventional bonds. The 10-year debt facility will enable the Nigerian solar power supplier to expand its existing portfolio. The Fund Managers Association of Nigeria “FMAN” is an independent, non-governmental, non-political and non-profit making body that was established in August, 2009. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Nigeria’s President Muhammadu Buhari signed, on 25 January 2019, the Executive Order No. The Chapel Hill NIDF, which is the pioneer Infrastructure Debt Fund in Nigeria and Sub-Saharan Africa, has its investment focus on the traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure, logistics, and other public-private-partnership type investments. In the current volatile yield environment, the NIDF still remains a compelling investment outlet, both from a total return and cash yield perspective. Gas-to-Power, Fuel for Senegal’s Transition December 14, 2020 Katsina state is set to secure a N55 billion bond from the Islamic Development Bank with a 7 year maturity period. Our strategy is to invest alongside private investors in attractive projects across the power sector value chain. Consequently, NSIA in partnership with Julius Berger is developing a project to finance, construct, operate and maintain the Second Niger Bridge, improving the connection between the Southern and Western regions of Nigeria. The Fund is a Close-Ended Fund, domiciled in … FAFIN is a US$100 million target agriculture-focused investment fund that provides tailored capital and technical assistance solutions to commercially-viable small and medium-sized enterprises (SMEs) and intermediaries across the agricultural sector in Nigeria. Kindly be informed that the Extra-Ordinary General Meeting of Chapel Hill Denham Nigeria Infrastructure Debt Fund (the Fund) is scheduled to hold virtually: Date: Wednesday September 16, 2020Time: 10:00 a.m. Kindly find below the updated Notice of Meeting, the schedule of material amendments to the Programme Trust Deed, and the Proxy Form. National Institutes Of Health. ARM-Harith, is a joint venture between Asset & Resource Management Holding Company (ARM) Limited, Nigeria’s largest non-bank financial services provider and Harith General Partners, a leading Pan-African infrastructure fund manager based in South Africa. In addition, NSIA remains interested in the commercial real estate (office buildings, malls) and the hospitality sub-sectors (5-Star hotels and other luxury real estate). With a population of nearly 160 million people, rapid urbanisation and a substandard housing stock, there is a need to provide housing at all levels, particularly in the low and middle income segments. He is a Member of the Chartered Financial Analyst Society. READ: NSIA to invest $5 million in Chapel Hill Infrastructure Fund. Date of effectiveness: 2011 to 2013. Pension Fund Administrators (PFAs) can invest up to N2.4trillion in infrastructure funds and bonds if not for the non-availability of such eligible funds and bonds in the financial market. Nairametrics learnt that the deal is the first 10-year bond issuance by any company in the transportation and logistics sector. The Federal Government of Nigeria through the Debt Management Office has revealed that it received total bids of N134.056 billion for December 2020 bond offer worth N60 billion, indicating it was oversubscribed by N74.056 billion (over 220%). Chapel Hill Denham Management is Nigeria’s leading alternative asset manager. The NIF is managed by an in-house team of investment professionals tasked with identifying infrastructure investments, undertaking project development for potential investments and recommending projects for investment to the Board. Overview. On December 14th, 2020, Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) opened a US$9.2 million (nearly 3.6 billion Nigerian Naira) line of credit to support Starsight Power Utility’s operations in Nigeria. The Fund has a maximum term of 99 years, subject to In Nigeria, Starsight Power Utility will expand its operations. Highlights of the Chapel Hill Denham Nigeria Infrastructure Debt Fund include: Olumide Adesina is a France-born Nigerian. A leading Nigerian investment bank announced Chapel Hill Denham Nigeria Infrastructure Debt Fund Series 7 Offer of up to N20.24 Billion. It provides amongst other things, that a minimum of 75% of the Infrastructure Fund shall be invested in projects within Nigeria. The FGN issues bonds for numerous reasons which include; financing government’s fiscal deficits, diversifying government financing sources, deepening savings and investment culture in the country amongst others. This is according to a disclosure by DMO via its website, as seen by Nairametrics. Reporting to the Head, Nigeria Infrastructure Fund, the successful candidate will be responsible for ensuring prudent investment of the Infrastructure Fund in projects such as power generation, distribution and transmission, agriculture, dams, roads, rail, airports etc. The Proxy Form […] ... so it is very tough to fund infrastructure and education,” he added. Starsight Closes $9.2 Million Senior Debt Facility from Nigeria Infrastructure Debt Fund December 14, 2020. Nigeria will establish a $25 billion Infrastructure Development Fund to finance projects in the country, the Minister of Budget and National Planning, Udoma Udo-Udoma, has said. x. Infrastructure Investment Models for Nigeria Infracredit – Core Capital and Contingent Capital Infracredit was a newly formed specialized financial guarantor established to support long term infrastructure financing in Nigeria. Since its inception in June 2017, the fund has delivered a total return of 82.3% (assuming the cash distributions were reinvested). Reporting to a Portfolio Manager, in Nigeria Infrastructure Fund, NSIA, the successful candidates will Support the Portfolio Manager in the investment of the Infrastructure Fund in essential and efficient infrastructure such as power generation, distribution and transmission, agriculture, dams, roads, rail, airports … Analyst, Nigeria Infrastructure Fund (NIF) job at Nigeria Sovereign Investment Authority – Recruitment is ongoing at the Nigeria Sovereign Investment Authority About Nigeria Sovereign Investment Authority The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) is an agency of the Federation set up to manage funds in excess of budgeted hydrocarbon revenues. Management focused on sectors of: Agriculture is a sector of strategic importance to NSIA and an area where we see opportunities for significant economic impact and robust financial returns through direct investments in critical agriculture infrastructure, strategic trading platforms and indirectly via agriculture-focused funds. Structure: Close-ended Unit Trust, regulated by the Nigerian Securities & Exchange Commission. NSIA is interested in strategic “high-impact high-value” opportunities across the entire healthcare value chain that will facilitate the delivery of high quality, affordable and accessible healthcare services to Nigerians. These objectives include supporting, through investment predicated upon financial returns to NSIA, the development in Nigeria of essential infrastructure such as power generation, distribution and transmission infrastructure, healthcare infrastructure, real estate, agriculture, transport infrastructure, water resources infrastructure, amongst others. According to the IMF, Nigeria’s infrastructure stock of c.25% of GDP remains far below the 70% international benchmark. It offers value-added logistics and distribution services to a wide range of corporate and retail clientele in industries such as agro-processing, FMCG, oil and gas, cement, amongst others under fixed-term contracts. InfraCredit, a specialized infrastructure credit guarantee institution, has announced its guarantee of Transport Services Limited’s (‘’TSL’’) N12billion 10-Year Series 1 Senior Guaranteed Fixed Rate Infrastructure Bonds due 2030, as part of a larger N50billion Debt Issuance Programme. 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