AFRICA – Africa Finance Corporation (AFC), an investment grade multilateral finance institution, has secured a US$250m tier-2 capital loan from US International Development Finance Corporation (DFC). The facility will strengthen AFC’s investment capacity by enabling it to provide competitive financing solutions for closing Africa’s infrastructure deficit. It also further complements AFC’s strategy of diversifying its investor base. “Africa and the United States have enjoyed a longstanding partnership spanning several decades. Indeed, AFC has partnered with the US on several infrastructure initiatives, including the Power Africa initiative, and regularly receives investments from US-based investors in…
Read MoreAfrica Finance Corporation secures US$250m from DFC to strengthen investment capacity
