MIGA Issues Mortgage-Backed Securitization in Kazakhstan

MIGA recently issued $10.2 million in guarantee coverage to the First Kazakh Securitization Company, B.V., for a securitization of residential mortgage loans in Kazakhstan. The transaction is Kazakhstan’s first long-term capital markets issue for a true-sale securitization of mortgages...    >> more

Kenya’s Ailing Sugar Industry Gets a Boost from MIGA

Foreign investors are increasingly looking to Kenya as a regional business hub in sub-Saharan Africa, thanks to the country’s well-developed port system, participation in key trade agreements, and a motivated workforce. Into this environment came the Industrial Development Corporation of South Africa...    >> more

Bujagali Hydropower Project Given the Green Light

The World Bank Group recently approved $360 million in loans and political risk guarantees for the Bujagali Hydropower Project, an integral component of Uganda’s strategy to close an energy supply gap that seriously constrains social and economic development in Uganda. MIGA is planning to issue $115 million in guarantee coverage...    >> more

Liberia Joins MIGA

Following more than two decades of debilitating conflict, Liberia today is on a path to recovery. That recovery includes the need to rebuild road networks and create jobs, among other things. By joining MIGA, foreign investments going into the country are now eligible for coverage from MIGA, which has extensive experience working in post-conflict countries such as Liberia.   >> more