Cardano Development’s ambition is to act as a catalyst for making emerging and frontier markets investible and it particularly welcomes local adoption and replication of its innovative products. It sees this as the ultimate endorsement of its work.
More importantly, it contributes to the impact Cardano is striving for: accelerating local financial-sector development and enabling inclusive, sustainable and resilient economic growth.
A case in point is InfraCredit in Nigeria, which was established in 2017 by the Nigeria Sovereign Investment Authority (NSIA) in collaboration with the Private Infrastructure Development Group (PIDG) through its subsidiary company GuarantCo which is managed by Cardano Development.
It provides local currency guarantees to de-risk infrastructure investments when the domestic banking market is unable to provide the much-needed long-term risk capital that is typically required to develop and build infrastructure projects and operators.