NAB Consulting Announces Completion of €250m Structured Finance Facility for Niger Republic

*Facility co‑arranged with Coris Bank Niger, provided by Afreximbank

NAB Consulting announced that it has successfully closed a €250 million structured finance facility for the Republic of Niger. The facility was co‑arranged with Coris Bank Niger and funded by the African Export‑Import Bank (Afreximbank). It was granted to Niger through the Ministry of Economy and Finance and is part of the country’s economic recovery programme. The funds are earmarked for priority initiatives that align with national development objectives, including agriculture, energy, healthcare, infrastructure and the productive economy, with a particular focus on small and medium‑sized enterprises and industries.

“The completion of this €250 million facility represents an important milestone in the mobilisation of resources for Niger’s economic recovery programme. It reflects the State’s ability to work with credible financial partners in order to advance strategic development priorities within a structured framework aligned with national objectives,” said Dr Maman Laouali Abdou Rafa, Minister of Economy and Finance.

NAB Consulting played a central role in designing and executing the transaction. The firm helped shape the financial architecture, coordinated discussions among key stakeholders, refined the financing approach, and supported negotiations that led to Afreximbank’s approval and the facility’s finalisation.

The transaction is underpinned by a structure based on eligible export revenue flows, which are assigned and secured in favour of Afreximbank. This mechanism enhances the credit quality of the financing, strengthens its bankability, and provides the lender with clear visibility over identified repayment sources. It demonstrates how structured finance can align sovereign funding requirements with the risk‑management expectations of international financial institutions.

More broadly, the facility’s completion underscores the growing relevance of structured finance solutions for African sovereigns seeking to mobilise substantial resources for priority development programmes. It also highlights the importance of credible repayment sources, appropriate security mechanisms, disciplined transaction execution and effective stakeholder coordination in delivering complex financing operations.

Over the past three years, NAB Consulting has built a significant track record in financing transactions across Africa. The firm has originated or arranged 29 transactions, either completed or approaching completion, with a total value of approximately €2.93 billion. These mandates span several African markets, including Niger, Guinea, Senegal, Burkina Faso, Côte d’Ivoire, Burundi, Mauritania, Cameroon and Sierra Leone.

Its experience covers a broad range of financial instruments and transaction types, including trade finance facilities, term loans, credit lines, public receivables discounting arrangements, guarantees, swaps and financings linked to infrastructure, energy, road construction, petroleum products, SMEs, agro‑industry and priority public‑sector projects.

Notable transactions supported by NAB Consulting include a facility for TECMON Energy in Burkina Faso to import spare parts and critical equipment under an electricity maintenance contract; financing for Trade Oil in Côte d’Ivoire through guarantees and letters of credit for petroleum product imports; a receivables discounting transaction for GUITER SA in Guinea backed by accepted receivables for road works; and a swap transaction for the Bank of the Republic of Burundi designed to reinforce local‑currency liquidity and facilitate trade‑related operations.

“This transaction marks an important step in the ability of African sovereigns to mobilise structured finance on the basis of credible security mechanisms. NAB Consulting contributed to the design of a financial architecture backed by identified export revenue flows, thereby strengthening the bankability of the transaction and enabling the mobilisation of a €250 million facility for the Republic of Niger,” said Dr Ismaila Kamara, President of NAB Consulting.

About NAB Consulting:
NAB Consulting is a financial advisory firm that specialises in the origination, structuring, mobilisation and execution of financing transactions across Africa. Founded and led by Dr Ismaila Kamara, an international finance expert with more than 26 years of experience in originating and structuring financing transactions, including collaborations with Afreximbank and other leading financial institutions, NAB Consulting advises sovereigns, African banks, corporates and economic operators involved in development‑oriented projects.

The firm assists clients throughout the financing lifecycle, from the preparation of funding packages and the design of appropriate financial structures to the identification of suitable instruments, coordination with financial institutions, and transaction follow‑up through approval, documentation and financial close. Through this integrated approach, NAB Consulting helps clients convert financing needs into bankable and executable transactions. Its advisory model is grounded in a strong understanding of African market dynamics, lender expectations, sovereign and corporate funding requirements, and the practical conditions required to structure, secure and complete complex financing transactions.