United Capital Floats N150bn Infrastructure Fund

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United Capital Plc has launched the United Capital Infrastructure Fund (UCIF), a naira-denominated fund established to provide long-term financing for the

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delivery of critical infrastructure that would bridge the infrastructure deficits in Nigeria and sub-Saharan Africa.

The fund is positioned to finance bankable infrastructure assets that cut across sectors, such as, power and renewable energy, transportation, agribusiness and industrial infrastructure, healthcare, technology, mass housing, urban and social infrastructure. The fund has retained Africa Finance Corporation (AFC) as the independent financial advisor, to provide additional layers of best practice of corporate governance which enhances the project appraisal and due diligence activities of the Fund Management team.

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