The Private Infrastructure Development Group (PIDG) is looking to expand its InfraCredit model, which was established in Nigeria in 2017 by the Nigerian Sovereign Investment Authority and GuarantCo to provide credit enhancements to infrastructure companies to allow them to raise long-term capital from pension funds and institutional investors. Since then, the two founding sponsors have been joined by the Africa Finance Corporation and German development bank KfW. A number of initiatives are emerging to encourage investment by African institutions into infrastructure.